Coinbase, MicroStrategy and Galaxy Digital Shares Fall Amid Bitcoin Crash

Share prices of crypto-related companies Coinbase, MicroStrategy and Galaxy Digital fell amid a market correction.

Shares of the Nasdaq-listed American company Coinbase are at $223. Compared with the opening price at the listing, the stock has fallen 41%.

MicroStrategy shares, on whose balance sheet sits 92 079 BTC, are trading at $443 — a daily decline of 8.86%.

Galaxy Digital, Mike Novogratz’s crypto merchant bank, fell 11% over the period. Last month the stock posted a sharp rise.

Tesla’s shares declined by by 3.9%, not as much as the others.

In March, Elon Musk announced the start of selling Tesla electric cars for Bitcoin in the United States. By May, his company Tesla had halted sales of vehicles for cryptocurrency amid concerns about the environmental sustainability of its mining.

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