“Coinbase shares soar nearly 20% in boost from meme traders, BlackRock crypto deal”
August 4, 2022
“Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin.
Coinbase shares were last up by 25.2%. Earlier in the day they jumped as much as about 40%… Coinbase shares have been on a tear lately and analysts have not been sure why. The stock jumped 20% on Wednesday. The shares were still down nearly 70% for 2022 through Wednesday’s close…”