MSTR - Better Crypto Stock: Coinbase Global vs. MicroStrategy
2024-05-09 05:20:00 ET
Bitcoin 's (CRYPTO: BTC) price more than doubled over the past 12 months as the approvals of its first spot price ETFs, the halving of its mining rewards, and stabilizing interest rates all brought back the bulls. The easiest way to profit from Bitcoin's recovery was to simply buy the cryptocurrency or invest in one of the new ETFs.
However, Bitcoin's rally also lit a fire under stocks like Coinbase (NASDAQ: COIN) , one of the world's top cryptocurrency exchanges, and MicroStrategy (NASDAQ: MSTR) , an aging enterprise software company that started hoarding Bitcoin in 2020. Over the past 12 months, Coinbase's stock has rallied more than 280% and MicroStrategy's stock over 270%. Let's see which of these hot crypto stocks is a better buy right now.
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Better Crypto Stock: Coinbase Global vs. MicroStrategy