# 🚀 Coinbase stock reached record highs!
Coinbase stock just hit a record level of $398.50, bringing the company's market capitalization above $100 billion! Analysts are optimistic despite the high valuation, for the following reasons:
- Stock increased by 60% in the past month
- Revenue increased by 76.45% compared to the same period last year
- Gross profit margin reached 85.25%
Meanwhile, Bitcoin has shown some volatility in recent trading, fluctuating between $119,744 and $123,213. The upcoming GENIUS Act on stablecoins could benefit Coinbase, a company that earns 50% of its revenue from Circle's USDC reserves.
