The much-anticipated Bitcoin (CRYPTO: BTC) halving on April 19 marked a significant event in Bitcoin’s history, often sparking a new bull market rally and reaching new all-time highs.
Coinbase Global Coinbase stands out as a major winner. As Bitcoin enters a new bull market, retail investors are likely to return to Coinbase’s trading platform, increasing its transaction-related revenue. Additionally, the broader crypto market tends to benefit from Bitcoin’s price rise, leading to increased trading across the 245+ cryptocurrencies listed on Coinbase.
Moreover, Coinbase’s role as custodian for eight of the 11 new spot Bitcoin ETFs indirectly benefits the company, as investors flock to these ETFs. The more money flows into these ETFs, the more Coinbase stands to gain from custodial fees.
Bitcoin Halving MicroStrategy
While MicroStrategy is primarily known as an enterprise software company, it has gained recognition as the largest corporate holder of Bitcoin worldwide. With over 214,000 bitcoins valued at approximately $14 billion, MicroStrategy holds more than 1% of all Bitcoin in circulation.
MicroStrategy’s CEO, Michael Saylor, is a prominent Bitcoin advocate, transparent about the company’s goal to accumulate more Bitcoin. Recent debt offerings were specifically aimed at acquiring additional Bitcoin. For investors seeking exposure to Bitcoin through stocks, MicroStrategy is a compelling choice.
BlackRock
As the world’s largest asset manager with over $10 trillion in assets under management, BlackRock issued the iShares Bitcoin Trust (NASDAQ: IBIT), one of the most popular spot Bitcoin ETFs launched in January. The ETF has rapidly grown to $17 billion in assets under management and is expected to increase further with Bitcoin’s price rise.
Although $17 billion is a fraction of BlackRock’s total assets, the company’s Bitcoin ETF serves as a gateway to attract new investors to its other ETFs. BlackRock has hinted at more product innovations, such as asset tokenization, which could tap into a projected $16 trillion market opportunity.
In Conclusion The Bitcoin halving offers various investment opportunities. MicroStrategy provides direct exposure to Bitcoin’s price movements, while Coinbase offers a more diversified play on the crypto market. Alternatively, investing in Bitcoin itself remains a straightforward option, given its historical performance after previous halvings.
