- Coinbase shares rose in after-hours trade after receiving a second Wall Street upgrade ahead of Q4 earnings.
- Strategy (MSTR) climbed after-hours following a regular-session gain and a public post involving U.S. Senator Jim Justice; the firm also announced its annual event for corporations.
- Sharplink Gaming (SBET) reported deploying $170 million in ETH through an institutional yield strategy on Linea and saw after-hours gains.
- Major crypto assets were mixed: Bitcoin hovered near $91,000 while Ethereum dipped about 1.2% but stayed above $3,100; the total crypto market was near $3.2 trillion.
- U.S. equities traded mixed in after-hours: SPY -0.01%, DIA +0.03%, QQQ -0.06%; retail sentiment on Stocktwits showed elevated bullish signals for several names.
On Thursday night, crypto equities moved modestly higher in after-hours trading as Coinbase shares rose following a second Wall Street upgrade this week ahead of the company’s fourth-quarter earnings scheduled for next week. The market-wide crypto capitalization held near $3.2 trillion as traders awaited several regulatory and legal developments.
Coinbase climbed about 0.53% in after-hours trade after slipping 0.14% during the regular session. Bank of America upgraded the stock to “Buy” from “Neutral” and left a $340 price target, while Barclays cut its target to $258 from $291 and maintained an “Equal Weight” rating.
Strategy (MSTR) rose 0.28% after-hours following a 3.18% gain in regular trading. The move followed a social media post by Michael Saylor that included a photo with U.S. Senator Jim Justice and mentioned discussions about market neutrality and support for digital assets; Strategy also announced it will host a Bitcoin for Corporations event on February 24 in Las Vegas.
On the Ethereum treasury front, Sharplink Gaming (SBET) gained 0.50% in after-hours trading after reporting deployment of $170 million in ETH through a multi-layered yield strategy using institutional custody on Linea. Bitmine Immersion Technologies (BMNR) traded flat after hours following a 3% regular-session rise.
Market prices showed Bitcoin attempting to stabilize near $91,000, while Ethereum fell about 1.2% in the last 24 hours but remained above $3,100. U.S. equity ETFs traded mixed in after-hours: SPY -0.01%, DIA +0.03%, and QQQ -0.06%. Retail sentiment on Stocktwits varied by ticker, with several names showing elevated bullish chatter.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Spot Bitcoin ETFs See $935M Outflows, Rally Faces Resistance
- BofA, Goldman Upgrade Coinbase to Buy; COIN Set to Rally Now
- Microsoft to double data center footprint, proposes Michigan
- Wall Street, Crypto Hold Private Talks Ahead of Senate Vote.
- Britain Considers Ban on Musk’s X After Grok AI Scandal Now.
