Summary
TLDR: Bitcoin is up 45% this month, but Coinbase, Marathon Digital, CleanSpark, and MicroStrategy saw even better gains in February. Coinbase reported strong earnings, Marathon Digital’s revenue increased, CleanSpark is expanding its mining capacity, and MicroStrategy bought more BTC. These companies benefited from their proximity to Bitcoin, which is nearing its all-time high price. Bitcoin’s trading volume has been steadily increasing, with signs of a potential rally after the upcoming halving event.
Key Points
1. Coinbase, Marathon Digital, and CleanSpark had exceptional performance in February, with gains of 56%, 75%, and 125% respectively.
2. Coinbase reported strong Q4 earnings, marking a significant turnaround for the company with profits of $273 million, compared to previous losses.
3. The upcoming Bitcoin halving event is driving companies like Marathon Digital and CleanSpark to increase their mining capacity, while MicroStrategy continues to grow its Bitcoin treasury, now valued at $10.3 billion.