MicroStrategy becomes the company with the most Bitcoin in the market, overtaking Coinbase's market capitalization

MicroStrategy's market capitalization has surpassed that of Coinbase, the largest cryptocurrency exchange in the United States.
MicroStrategy holds the largest amount of Bitcoin of any single company, excluding Bitcoin exchange-traded fund (ETF) managers.
As of the 31st (local time), MicroStrategy's market capitalization was $49.5 billion, surpassing Coinbase's market capitalization of $44.9 billion.
On this day, Coinbase's stock price fell by a whopping 15.34%. This was due to Coinbase's third-quarter net income falling short of market expectations. This led to a decline in market capitalization and the loss of MicroStrategy
This is interpreted as having been overtaken by.