MicroStrategy Stock Jumps as Bitcoin Hits Record. How Much Its Crypto Holding Is Worth. — Barrons.com

By George Glover and Callum Keown

Crypto-related stocks were racking up gains in Friday's premarket after Bitcoin surged to an all-time high overnight.

Shares in prolific Bitcoin buyer MicroStrategy, jumped 3.6% while crypto exchange Coinbase Global rose 2.2% ahead of the opening bell. Futures tracking the benchmark S&P 500 dropped 0.5% as investors weighed up more tariff news.

It's no surprise that the stocks were rallying after Bitcoin topped $118,000. MicroStrategy is one of the largest corporate holders of the token, although ironically it didn't make any purchases last week — the first time it's gone a week without buying Bitcoin since the period between March 31 and April 6.

Its total holdings currently stand at 597,325 tokens purchased for roughly $70,982 each, or around $42.4 billion in total, according to a filing Monday.

The company's Bitcoin bet is looking pretty good right now — with the cryptocurrency trading above $118,000 its holdings are valued at around $70.6 billion.

Surging interest in cryptos also stands to benefit Coinbase, given that it could drive more users to its trading platform.

Bitcoin mining stocks were also up in Friday's premarket. MARA Holdings gained 3.4%, Riot Platforms added 2.9%, and CleanSpark climbed 3.3%.

Write to George Glover at george.glover@dowjones.com

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