Coinbase market capitalization surpasses $100B

Coinbase has surpassed $100 billion in market capitalization as Bitcoin hit a new all-time-high unit price, The Block reported. The company’s stock price closed at $394.01, up 1.8%, its highest close since going public in April 2021. Coinbase had hit an intraday high of $398.50. The firm’s market capitalization at market close was recorded at $100.36 billion.