Bitcoin Rally Sparks 9% Jumps for Coinbase, MicroStrategy Stocks
• Coinbase (COIN) and MicroStrategy (MSTR) stocks jump nearly 9% as bitcoin rallies 4% • Traders see Coinbase and MicroStrategy as proxy bets for crypto markets due to bitcoin ties • Coinbase is a major crypto exchange; MicroStrategy holds 174,000 bitcoins worth 88% of market cap • Bitcoin surges on optimism that U.S. will approve bitcoin ETFs, sparking influx of investment • Crypto miners like Marathon, Riot, and Hut 8 also see double-digit stock price jumps