Coinbase and Bitcoin Mining Stocks Jump After Trump’s Win 🪙🚀✅

Investors who have invested in cryptocurrency-related companies — some of which are seen as alternatives to Bitcoin and other major assets — are having a good time as several major stocks surged after Donald Trump’s expected second term in the White House. 🔥

Coinbase has also been a major player in the election cycle, committing tens of millions of dollars to Fairshake, a political action committee that supports several pro-crypto candidates in the Senate and House, and scoring some big wins, including defeating Sen. Sherrod Brown in Ohio. The exchange has also pushed advocacy campaigns through its Stand With Crypto coalition. 🔥

Shares of MicroStrategy (NASDAQ: MSTR), a “bitcoin development company,” rose more than 13% today, bringing the stock price to $258. The Tysons, Virginia-based company first bought bitcoin in 2020 when founder and CEO Michael Saylor said the asset was the best way to preserve wealth and generate returns for shareholders. 🔥

With bitcoin nearing an all-time high of $75,767, MicroStrategy’s holdings of 252,500 bitcoin are currently worth more than $19 billion. $BTC 🔥