2024

Bitcoin

Read

Coin

<ul class="wp-block-list news-points">
 <li><strong>MicroStrategy overtakes Coinbase in market cap, shifting the landscape of crypto companies.</strong></li>
 <li><strong>A major Bitcoin fund plan strengthens MicroStrategy’s position as the largest corporate BTC holder.</strong></li>
 <li><strong>MicroStrategy’s stocks gain surpasses Microsoft, highlighting the impact of its Bitcoin strategy.</strong></li>
</ul>
<p>MicroStrategy Inc. has overtaken Coinbase Global Inc. in market capitalization, marking a shift in the ranking of crypto firms. Reports indicate MicroStrategy’s valuation reached $49.77 billion, surpassing Coinbase’ $47.91 billion.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: MicroStrategy just flipped Coinbase's market cap!<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> Strategy <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ccvxxXIPGU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ccvxxXIPGU</a></p>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1852021846008565834?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This increase in valuation follows MicroStrategy’s announcement of a substantial fundraising goal dedicated entirely to Bitcoin purchases.</p>
<h2 class="wp-block-heading" id="h-microstrategy-s-bitcoin-focused-strategy-drives-growth">MicroStrategy’s Bitcoin-Focused Strategy Drives Growth</h2>
<p>MicroStrategy’s market rise is linked to its <a href="https://coinedition.com/microstrategy-to-invest-42b-more-in-bitcoin/" rel="noopener noreferrer nofollow">plan to raise $42 billion</a> over the next three years, a fund reserved for expanding its Bitcoin holdings. Since announcing this on October 30, the company’s stock has increased in value.</p>
<p class="has-text-align-center"><strong><a href="https://coinedition.com/microstrategys-bitcoin-strategy-drives-1218-stock-surge-to-all-time-high" rel="noopener noreferrer nofollow">Read also: MicroStrategy’s Bitcoin Strategy Drives…</a></strong></p>
<p>The post <a href="https://coinedition.com/microstrategys-bitcoin-bet-pushes-market-cap-above-coinbase/" rel="noopener noreferrer nofollow">MicroStrategy’s Bitcoin Bet Pushes Market Cap Above Coinbase</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

MicroStrategy’s Bitcoin Bet Pushes Market Cap Above Coinbase

Table of Contents

Coin Edition

Other articles published on Nov 1, 2024

These 4 Cryptocurrencies Are About to Go Parabolic, Will One Become the Next PEPE Coin?

Christie’s Successfully Concluded Its Charitable NFT Sale For The UNHCR.

Deep Dive: Chainalysis 2024 Crypto Adoption Index for Southeast Asia and India

Citadel Securities lawsuit proceeds against former employees’ crypto startup

Is the Next Meme Coin Already Here? Dogecoin and Shiba Inu Fans Shift Focus to a Fresh Challenger

Top 3 Altcoins to Buy Before the November Bull Run

Join our free newsletter for daily crypto updates!