Marathon Digital, MicroStrategy, Coinbase among crypto stocks reaching 52-week highs
Dec. 22, 2023 4:13 PM ET
By: Liz Kiesche, SA News Editor
16 Comments
 Vladimir Vladimirov
A number of crypto-exposed stocks touched a 52-week high on Friday even as bitcoin ( BTC-USD) and ethereum ( ETH-USD), the two biggest tokens by market cap, linger below their high-water mark for the year.
Bitcoin ( BTC-USD) slilpped 0.7% in the past 24 hours to ~$43.7K, under its 52-week high of $44.7K, and ether ( ETH-USD) climbed 3.5% to ~$2.32K, less than its 52-week high of $2.40K.
Bitcoin miner Marathon Digital Holdings (NASDAQ: MARA) jumped 7.8% in Friday trading to $26.71, touching as high as $27.73 earlier, still well below its all-time high of ~$83.45 in November 2021.
Iris Energy (NASDAQ: IREN) gained 8.7% to $8.35, but reached as high as $8.80. In November 2021, it traded as high as $28.25.
Global X Blockchain ETF (NASDAQ: BKCH) rose 5.5% Friday to close at $50.30, but had risen to a 52-week high of $51.67 earlier in the session. The stock had been trading at ~$165 in November 2021.
MicroStrategy (NASDAQ: MSTR), which held 174,530 bitcoins at Nov. 30, 2023, increased 6.4% to close at $618.97, rising to as high as $622.58 earlier. Its highest price in the past 10 years had been ~$1,315 in February 2021.
Crypto exchange Coinbase Global (NASDAQ: COIN) gained 4.3% to $175.07, after it touched a 52-week high of $179.70. The crypto exchange, which went public in April 2021, reached its all-time high of ~$357 in November 2021.
CleanSpark (NASDAQ: CLSK), a bitcoin miner focusing on a sustainable infrastructure, advanced 3.1% to $11.89, retreating from its 52-week high of $12.24. In 2018, the stock had reached as high as $150.10.
Bitcoin miner Bitfarms (NASDAQ: BITF) stock rose 3.1% to $2.98 in Friday trading, after touching as high as $3.12 in the session. Its all-time high was $9.36 in November 2021.
Stock and crypto-trading app Robinhood Markets (NASDAQ: HOOD) edged up 0.2% to $12.92. It's all-time high, soon after its IPO in August 2021 was $85. |
