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MicroStrategy and Coinbase, two companies with strong ties to the cryptocurrency industry, have seen significant increases in their stock prices this year. MicroStrategy’s stock price has risen by over 250% since the beginning of the year, while Coinbase has experienced a surge of 240% in the same timeframe. Both companies had a challenging year in 2022, with market prices declining and crypto-related companies struggling. However, the new year brought renewed optimism, and both MicroStrategy and Coinbase saw their stock prices rise alongside the rest of the market. MicroStrategy, which holds a significant amount of Bitcoin, saw its stock price breach the $500 level and reach $520 for the first time since January 2022. Coinbase, on the other hand, took six months to surpass $100 but experienced a market retracement. However, positive developments in October and November pushed Coinbase’s stock price to its highest level in over a year at $115. It’s important to note that these stock price increases coincided with Bitcoin’s recent jump to $38,500, indicating a correlation between the performance of these companies and the cryptocurrency market. MicroStrategy’s decision to hold onto its Bitcoin holdings despite significant losses in the past is now paying off, as the company now has an unrealized profit of over $1 billion. However, MicroStrategy has stated that it has no plans to sell any of its Bitcoin holdings. Overall, both MicroStrategy and Coinbase have experienced significant stock price increases this year, reflecting the positive sentiment in the cryptocurrency industry.