Winners of the 2024 Bitcoin Halving: Companies Poised for Growth
Apr 28, 2024
After the Bitcoin halving in April 2024, several companies emerged as potential beneficiaries of the event. Coinbase Global, a prominent cryptocurrency exchange, stands to gain from increased trading activity as Bitcoin enters a new bull market. Additionally, Coinbase serves as a custodian for several new spot Bitcoin ETFs, indirectly profiting from investor interest in these funds. MicroStrategy, known for its significant holdings of Bitcoin, continues to acquire more of the cryptocurrency, with founder Michael Saylor expressing bullish sentiments. With over 214,000 bitcoins on its balance sheet, MicroStrategy presents itself as a proxy stock for Bitcoin investment. BlackRock, the world's largest asset manager, issued the iShares Bitcoin Trust, a popular Bitcoin ETF, which has rapidly accumulated assets under management. Beyond Bitcoin, BlackRock aims to explore opportunities in asset tokenization, positioning itself for potential growth in the crypto space.
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