With bulls taking control of crypto in the last few weeks, many of the crypto-related equities are showing early signs of life.
Many of these names simply hold Bitcoin on their balance sheet, while for others, the activity taking place in this asset class directly impacts their bottom line.
So it goes without saying that if Bitcoin can sustain a meaningful breakout, it’d serve as a significant tailwind for these names.
Microstrategy is perhaps one of the more direct examples of this thinking, with the CEO taking out hundreds of millions of dollars of debt to add to their growing arsenal of Bitcoin on the company’s balance sheet…