The shares of the trading platform last reached this level in early May last year, when the Bitcoin price hovered around $40,000. Coinbase went public in 2021.
MicroStrategy shares, meanwhile, have returned to the January 2022 level. This month, the company has increased its Bitcoin holdings to 158,400 Bitcoins and its unrealized profits in BTC have surpassed $1 billion.
MicroStrategy founder Michael Saylor in July called the adoption of a spot Bitcoin ETF a milestone for the crypto sector, as he said the emergence of such an instrument is one of the catalysts for the growth of digital gold.