By Ben Glickman
Shares of crypto corporations MicroStrategy and Coinbase World rose Monday after bitcoin’s rally continued, with the cryptocurrency nearing its all-time excessive.
MicroStrategy’s inventory was just lately up about 17% to $1,268.42, reaching its highest intraday degree in additional than twenty years. Shares have greater than doubled within the final month.
Coinbase shares rose 8.6% to $223.58, reaching its highest intraday degree since January 2022. The inventory is up about 29% because the begin of the 12 months.
Bitcoin prolonged its rally from final week into Monday, rising greater than 6%. The cryptocurrency crossed $67,000 per coin. Bitcoin’s all-time excessive is sort of $68,991, reached in November 2021.
Coinbase is the most important crypto alternate within the U.S., whereas MicroStrategy is the most important company bitcoin holder, proudly owning about 190,000 cash.
Write to Ben Glickman at ben.glickman@wsj.com