Three stocks associated with digital assets are soaring amid a big jump in Bitcoin (BTC) and crypto markets.
Coinbase (COIN), Microstrategy (MSTR) and Grayscale Bitcoin Trust (GBTC) shares are all soaring after BTC rose over 19% in the last week.
Shares of Coinbase, the largest US-based cryptocurrency exchange, are worth $82.80 at time of writing, up 7.3% in the last 24 hours.
Shares of business intelligence firm MicroStrategy, the largest publicly traded corporate holder of BTC, are trading at $425 at time of writing, up 12.6% in the last 24 hours.
Digital asset manager Grayscale’s Bitcoin Trust (GBTC), which aims to offer exposure to Bitcoin through its publicly traded shares, is also on the rise, up 5% in the last 24 hours, currently worth $25.96.
In August, Grayscale won a lawsuit victory against the U.S. Securities and Exchange Commission (SEC) over the regulator’s refusal to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).
Yesterday, Grayscale’s victory over the SEC was formally finalized by the courts.
The crypto giant also just filed a new registration statement with the U.S. Securities and Exchange Commission (SEC) in its bid for an ETF.
In a statement, Grayscale said it submitted to the securities regulator a Form S-3 registration statement to register shares of the Grayscale Bitcoin Trust (GBTC) under the Securities Act.
Form S-3 is a simplified form for registering securities with the SEC and can only be used by companies that have satisfied other reporting requirements. The filing is a shorter version of Form S-1 that is filed in anticipation of an initial public offering (IPO).
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Maciej Bledowski
