Coinbase vs. MicroStrategy: Which Bitcoin Stock is a Better Buy?

After losing over 75% in market value during the bear market of 2022, Bitcoin (BTCUSDC) has sprung back to life over the last 22 months. Since the start of 2023, BTC prices have surged over 300%, valuing the world’s largest cryptocurrency at a market cap of $1.34 trillion. In addition to purchasing Bitcoin, investors can gain access to the digital asset by holding shares of crypto-related companies, such as Coinbase (COIN) and MicroStrategy (MSTR). While Coinbase is one of the world’s largest crypto exchanges, MicroStrategy is the largest institutional holder of Bitcoin. 

Let’s see which of these Bitcoin stocks is a better buy right now.

Is MicroStrategy Stock a Good Buy?

Valued at a market cap of $41.8 billion, MicroStrategy (MSTR) shares have returned an emphatic 1,434% in the last five years. MicroStrategy began accumulating Bitcoin on its balance sheet in mid-2020, and now holds 252,220 BTC.

While MicroStrategy is an