The market value of MicroStrategy, which has skyrocketed with the rise in Bitcoin prices, has reached the $50 billion mark, leaving Coinbase behind. The more than 15% drop in Coinbase shares yesterday was particularly effective in this transition. The largest cryptocurrency exchange in the US experienced its biggest decline in the last 2 years yesterday.

The latest figures show that MicroStrategy’s market value is $49.7 billion, while Coinbase’s is $47.9 billion. Of course, MicroStrategy’s persistent Bitcoin purchase strategy has a major role in this rise. As the Bitcoin price appreciates, the company’s shares also increase. It is even known that some corporate companies that are hesitant to buy Bitcoin have made MSTR purchases, which are seen as indirect BTC investments.

They will continue with $42 billion

MicroStrategy recently announced that it aims to raise a total of $42 billion through a $21 billion capital increase and a $21 billion fixed-income security sale. In this way, the company aims to purchase more Bitcoin.

It is claimed that the $21 billion sales here are also an emphasis on Bitcoin’s limited supply of 21 million units.