Coinbase Downgraded to Hold as Valuation Concerns Rise
Argus downgrades Coinbase to Hold, citing high valuation, slower expected growth, and rising expenses. Shares fall over 3% as the firm trims long-term earnings forecasts.
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Argus downgrades Coinbase to Hold, citing high valuation, slower expected growth, and rising expenses. Shares fall over 3% as the firm trims long-term earnings forecasts.
Michael Saylor’s Strategy raises the yield on preferred shares to 10.5% to attract investors and fund more Bitcoin buys, even as its stock premium and demand show signs of strain.