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Why Shares of Coinbase, Silvergate Capital, and MicroStrategy Incorporated Are Rising This Week

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Coinbase, Silvergate Capital, and MicroStrategy Incorporated Are Rising This Week

Shares of several crypto stocks are rising this week as the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), has bounced more than 7.5% since Sunday. For the week, shares of the large crypto exchange Coinbase (NASDAQ: COIN) traded more than 7% higher as of 10:53 a.m. ET today. Shares of the crypto bank Silvergate Capital (NYSE: SI) traded nearly 17% higher, and shares of the business intelligence and Bitcoin buyer MicroStrategy Incorporated (NASDAQ: MSTR) were up more than 21%.

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