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Coinbase and MicroStrategy were up about 6% and 9% respectively before the market opened.

According to The Block, the stock prices of Coinbase and MicroStrategy rose by about 6% and 9%, respectively, in pre-market trading today. Coinbase's stock price rose 6.4% to $184.99, while MicroStrategy's stock price rose 9.3% to $690.30.In addition, Coinbase has been designated as the custodian service provider for several spot Bitcoin ETF applicants, while MicroStrategy increased its Bitcoin holdings by 14,620 BTC between November 30 and December 26, bringing its total Bitcoin holdings to 189,150, currently valued at approximately $8.7 billion.

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