Crypto Stocks Surge 7% as Bitcoin Reaches $110,150

U.S. crypto-linked stocks experienced a broad-based rally on Monday, driven by a rebound in Bitcoin prices and an increasing number of public companies announcing new Bitcoin purchases for their treasuries. This upward trend underscores the growing investor confidence in digital assets, particularly among publicly traded firms that are leveraging Bitcoin as a strategic financial asset.

Circle Internet Group (CRCL) led the gains, with a 7% increase during the day and an additional 2.2% rise in after-hours trading, closing at $117.79. Major crypto miners also benefited from the positive sentiment. Core Scientific Inc. (CORZ) rose by 4.27%, with a slight 0.87% bump after market close. Competitors CleanSpark Inc. (CLSK) and MARA Holdings Inc. (MARA) each climbed over 3%, with both stocks ticking up another 1% in after-hours activity. Riot Platforms Inc. (RIOT) also added 2.74% during the day, followed by a 1.2% increase after-hours.

These gains coincided with Bitcoin’s own 4% surge to $110,150, edging closer to its record high of $112,000. Market sentiment appeared to improve amid reports of U.S.–China trade discussions.

Not all crypto-related stocks enjoyed Monday’s rally. Robinhood Markets Inc. (HOOD) was among the few laggards, falling nearly 2% to $73.40 after being left out of the S&P 500 index during its latest rebalancing. The omission came as a disappointment to investors who had speculated on Robinhood’s inclusion, a move that often brings a boost in share price due to increased institutional interest. In contrast, rival trading platform eToro Group Ltd. (ETOR), which recently went public, surged 10.5% and climbed another 2.4% after hours to $77.79. American crypto exchange giant Coinbase Global Inc. (COIN) posted a modest 2% gain to $256.63, reflecting steady investor support amid the broader market uptrend.

Several public firms continue to embrace Bitcoin as a reserve asset. MicroStrategy Inc. (MSTR), already one of the largest corporate holders of Bitcoin, gained 4.71% and added over 1% in after-hours trading to reach $396.61. Meanwhile, BitMine Immersion Technologies Inc. (BMNR) became the latest firm to jump on the Bitcoin bandwagon, announcing the purchase of 100 BTC following an $18 million share offering. Despite the news, BMNR fell 8.7% before slightly rebounding by 5.2% after hours to $7.25. Energy tech company KULR Technology Group Inc. (KULR) also made headlines after announcing it had purchased another $13 million in Bitcoin, raising its total holdings to 920 BTC at an average price of $98,760 per coin. Its stocks responded positively, climbing 4.2% on the day.

The recent surge in Bitcoin prices and the increasing number of public companies accumulating Bitcoin reflect a growing trend of institutional adoption. This trend is driven by the belief that Bitcoin can serve as a hedge against inflation and a store of value, similar to gold. As more companies add Bitcoin to their treasuries, it is likely that the digital asset will continue to gain mainstream acceptance and potentially drive further price appreciation. The positive sentiment surrounding Bitcoin is also bolstered by the improving market conditions and the potential for increased regulatory clarity, which could attract more institutional investors to the space.