The latest US Consumer Price Index (CPI) data has caused a stir in the stock market as shares of MicroStrategy (MSTR) and Coinbase (COIN) have both turned bullish. This is great news for investors who are looking to capitalize on these two companies’ promising futures.
MicroStrategy, which provides enterprise intelligence solutions, recently announced that it had purchased an additional $15 million worth of Bitcoin with its cash reserves. The company now holds more than 90,000 bitcoins valued at over $3 billion dollars – making them one of the largest institutional holders of Bitcoin in the world! With such a large stake in this cryptocurrency space and their innovative approach to business intelligence solutions, MSTR looks set for continued success moving forward.
Coinbase is also doing well following their recent listing on NASDAQ earlier this year – becoming one of only a handful crypto-related companies to be listed there so far! Their impressive growth trajectory continues as they reported revenue increases from 2020 by nearly 400%. They also just announced plans for launching new products like staking services and debit cards – further cementing themselves as leaders within the industry.
Given this recent CPI data combined with these two companies’ strong performance thus far – it appears that investing into either MSTR or COIN would be wise decision right now! Both stocks appear primed for long-term gains due to their current momentum coupled with each company’s unique strategies when it comes understanding how best utilize blockchain technology going forward.. Investors should definitely keep an eye out on both MSTR & COIN if they’re looking add some serious value into portfolios soon!