Coinbase Stock Surges 40% to New Highs as Crypto Market Rebounds in 2023

• Coinbase stock price has surged over 40% in the past month to $279.65 per share, reaching highest level since Nov 2021 crypto bull market peak

• Coinbase went public in April 2021; stock is up 346% over past year despite crypto bear market in 2022

• Coinbase reported $273.4 million profit in Q4 2022 results after being profitable again

• Company recently raised $1 billion via sale of convertible senior notes to institutional investors

• Bitcoin price over $70,000, hitting new all-time high on March 14 as crypto market sees resurgence in 2023