BTC Holding Companies See Stock Price Surge: MSTR, MARA, COIN
2024-11-09

Following Donald Trump’s historic victory, the mainstream crypto market has seen some major uptrends. Bitcoin suddenly recorded its all-time high of $77,252; as of this writing, it was trading at $76,745. Source: TradingView 
According to available information, Bitcoin’s surge in prices and Trump’s victory in the presidential elections have also backed the surge in the stock prices of companies holding BTC. In the past seven days, the stock price of MicroStrategy, which holds the highest number of BTC, has added over 10 percent, reaching $270.42.Source: TradingView 
Including the boost in a week, the MSTR stock price added 42.50 percent in the past 30 days and 99.00 percent in a quarter. Most financial experts argue that MicroStrategy’s stock price boost since the beginning of this year is largely supported by its Bitcoin buying strategy and the surged yield that the company earned over its holdings.
Despite the spike in stock trading price the revenue and EPS of MicroStrategy failed to meet the expectations in the third quarter of 2024, the company reported negative 1298.07 percent EPS than expected, and on the other hand, the reported revenue in Q3, 2024 was 4.43 percent less than the estimated revenue of $121.45 million.
It is worth noting that the EPS of the company since the beginning of this revenue remained bearish, and the revenue also followed a similar path.Did Stock of Bitcoin Holding Companies Surge? 
After the results of the recent US presidential elections, Bitcoin and especially companies holding BTC have seen a staggering growth in their stock price. 
Marathon Digital (MARA) stock registered growth in the past seven days when writing it was trading at $19.25 adding over 13 percent. Earlier this week the company also reported a surged BTC production after the 4th halving that occurred in April this year.Source: TradingView 
In a press release dated November 4, 2024, MARA announced a notable achievement in its Bitcoin production. The company reported generating approximately 717 Bitcoins, valued at roughly $47.7 million.
“October was our best month of bitcoin production since April’s halving event,” Thiel stated. “We maintained strong uptime and achieved a significant 14% increase in energized hash rate to 40.2 EH/s compared to September.”
However, the revenue and EPS of Marathon Digital in the second quarter of 2024 remain less than the estimated figures. Market watchers argue that a spike in MSTR price is expected after its Q3 earnings release which is expected in the next four days.
Coinbase Global Inc (COIN) company known for its crypto-related services saw an unprecedented surge of 50.14 percent in the past seven days, at the time of writing its stock was trading at $270.74 adding more than 5.50 percent in the previous trading session.Source: TradingView 
The stock price of one other known cryptocurrency miner has reached new milestones adding, that in the past trading session, Riot’s stock price surged over 3.20 percent reaching $12.81. Source: TradingView