Coinbase Stock Hits ATH Amid CEO’s Weekly Bitcoin Purchases
Coinbase shares surged to an all-time high, closing at $369.21 and peaking at $381.35, after CEO Brian Armstrong revealed weekly Bitcoin acquisitions. Market optimism was bolstered by geopolitical developments—such as the Israel-Iran ceasefire—and the US Senate’s passage of the crypto-friendly Genius Act. Meanwhile, Bakkt filed an SEC prospectus to expand its policy for Bitcoin and other digital asset purchases. Riding this wave of Bitcoin bullishness, the BTC Bull Token (BTCBULL) presale is gaining traction, with free Bitcoin airdrops slated when BTC hits $150K, $200K and $250K. Investors can purchase BTCBULL at $0.00258 each via its presale page, with staking rewards up to 54% p.a. and periodic token burns at key BTC price milestones. As institutional and exchange-level demand intensifies, traders should monitor Coinbase’s momentum and BTC Bull Token developments for potential short- and long-term market opportunities.
Bullish
This news is bullish because Coinbase’s record stock price driven by CEO Brian Armstrong’s weekly Bitcoin purchases underscores growing institutional confidence in BTC. Combined with geopolitical tailwinds and Bakkt’s SEC filing to buy more digital assets, market momentum is strong. Historically, similar moves—like MicroStrategy’s large Bitcoin acquisitions—have fueled significant rallies. In the short term, traders may ride the surge in Coinbase shares and BTC Bull Token presale activity. Over the long term, sustained exchange and corporate demand suggests a solid foundation for Bitcoin’s upward trajectory.