Berenberg analysts say that with Coinbase’s process with the SEC, MicroStrategy is in a better position.
Berenberg analysts have linked software maker MicroStrategy Inc., one of the companies that love Bitcoin, to the cryptocurrency exchange Coinbase Global Inc. sees it as a stronger option for investors compared to
Analysts Compare MicroStrategy to Coinbase
Mark Palmer, a Berenberg analyst, compared Coinbase stocks to MicroStrategy stocks. The analyst compared the situations of both companies and sent notes to his investors. Analyst Coinbase discussed the situation with the SEC recently and said that MicroStrategy shares might make more sense.
Mark Palmer wrote in a note on Coinbase:
“Given the growing uncertainty that Coinbase is facing, we believe it would be much better for investors to invest in MicroStrategy stock.”
Over the past year, MicroStrategy shares have risen nearly 36 percent, while Coinbase has dropped 5 percent. But on Tuesday, stocks of both firms fell as the fall in Bitcoin prices put pressure on cryptocurrency-linked stocks.
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