Bitcoin and crypto-related US stocks closed Monday with notable gains, fueled by renewed corporate interest in BTC purchases and easing global market tensions.
Bitcoin Climbs as Corporate Accumulation Rises
Bitcoin surged 4% to reach $110,150, recovering losses and approaching its recent peak of $112,000 from May 22. This rally came as market sentiment improved, particularly following positive developments in US-China trade discussions in the UK.
The price boost came alongside a wave of new corporate BTC acquisitions, signaling growing institutional confidence.
US Crypto Stocks Close Higher
Major crypto-tied public companies ended Monday in the green:
- Circle (CRCL) surged 7%, with an additional 2.2% after-hours rise to $117.79
- Core Scientific (CORZ) gained 4.27%, with a further 0.87% after-hours bump
- CleanSpark (CLSK) and MARA Holdings (MARA) both climbed over 3%, extending gains by 1% after-hours
- Riot Platforms (RIOT) added 2.74%, with a 1.2% rise post-close
- MicroStrategy (MSTR) jumped 4.71% during trading and rose over 1% after-hours to $396.61
These movements reflect investor optimism surrounding firms holding or planning to acquire Bitcoin.
Not All Gains: Robinhood Slides
Robinhood (HOOD) was the exception, sliding 2% to $73.40 after failing to secure inclusion in the S&P 500 index during its quarterly rebalancing. Meanwhile:
- eToro (ETOR) surged 10.5%, adding another 2.4% after hours to $77.79
- Coinbase (COIN) posted a 2% gain, ending at $256.63
Speculation over index inclusions and IPO momentum continues to impact trading platforms differently.
More Firms Join the Bitcoin-Buying Trend
Publicly traded companies are increasingly adding Bitcoin to their balance sheets:
- BitMine Immersion Technologies (BMNR) bought 100 BTC, following an $18 million share offering. The stock fell 8.7% but rebounded 5.2% after hours to $7.25
- KULR Technology Group (KULR) announced a $13 million BTC purchase, now holding 920 BTC at an average price of $98,760 per coin, pushing shares up 4.2%
This trend highlights a growing strategy among public firms to leverage Bitcoin as a treasury asset.
Momentum Builds Around Bitcoin Accumulation
Bitcoin’s recovery and the rise in crypto-linked stocks show the continued influence of institutional buying. With more firms adding BTC, investor sentiment appears increasingly bullish, possibly setting the stage for further gains across the sector.
