Bitcoin and several crypto-linked U.S. stocks saw notable gains on Monday, driven by renewed interest from public companies acquiring Bitcoin for their treasuries. The trend highlights a growing institutional appetite for Bitcoin, pushing the digital asset’s price closer to its recent highs and giving a boost to stocks with ties to the crypto industry.

Bitcoin Gains Momentum Again

Bitcoin rose over 4% in the last 24 hours to reach $110,150, marking a strong comeback toward its recent peak of $112,000 set on May 22. The rally appears to be fueled by easing investor concerns and global trade discussions between the U.S. and China taking place in the UK.

This price move is significant, not only because it brings Bitcoin closer to its year-to-date high, but also because it reignites optimism across the broader crypto market.

Crypto Stocks Ride the Bitcoin Wave

Several U.S.-listed companies with crypto exposure followed Bitcoin’s lead and closed Monday in the green. These gains extended into after-hours trading, reflecting bullish sentiment across the sector.

Notably, Circle Internet Group (CRCL), a recent Nasdaq entrant and the issuer behind the USDC stablecoin, posted a 7% gain during regular trading. After-hours, its shares rose an additional 2.2%, reaching $117.79.

Core Scientific (CORZ), one of the largest Bitcoin miners in the U.S., saw its stock price climb 4.27%, with a further 0.87% rise after the bell. Other mining firms like CleanSpark (CLSK) and Marathon Digital Holdings (MARA) also advanced over 3% each, gaining another 1% in after-hours activity. Riot Platforms (RIOT) added 2.74% during the day, followed by a 1.2% after-hours increase.

MicroStrategy (MSTR), known for its aggressive Bitcoin accumulation strategy, saw its stock rise by 4.71% and tack on another 1% in extended trading, closing at $396.61. The company remains one of the largest Bitcoin holders among public firms.

Robinhood Misses the Party

While most crypto stocks were in the green, Robinhood (HOOD) bucked the trend. The trading platform’s shares dipped nearly 2% to $73.40 after being excluded from the S&P 500 index during its latest rebalancing.

Speculation had been mounting that Robinhood might be added to the index, which typically brings positive momentum and increased exposure to a stock. However, S&P Dow Jones Indices opted to make no changes, disappointing investors.

Robinhood shares did recover slightly in after-hours trading, gaining just under 0.8%.

eToro and Coinbase Record Gains

Robinhood’s rival eToro, which went public less than a month ago, surged 10.5% on Monday and continued to rise another 2.4% in after-hours trading to reach $77.79. The social trading platform’s strong performance underscores growing investor confidence in crypto-focused companies.

Meanwhile, Coinbase (COIN), the largest U.S. crypto exchange, posted a more modest gain of 2%, closing at $256.63.

Firms Add Bitcoin to Their Balance Sheets

One of the key drivers behind Monday’s market optimism is the increasing number of public firms adding Bitcoin to their treasuries. This corporate buying spree is seen as both a bet on long-term value and a strategy to align with the ongoing digital asset trend.

BitMine Immersion Technologies (BMNR), which specializes in renting out Bitcoin mining hardware, Revealed that it purchased 100 BTC for the first time. This move followed a recent share offering aimed at raising $18 million.

Despite joining the ranks of corporate Bitcoin holders, BitMine’s stock price tumbled nearly 8.7% on Monday. However, it bounced back after hours with a 5.2% recovery, settling at $7.25.

KULR Technology Group (KULR), an energy management company, also revealed a new Bitcoin acquisition. On Monday, it said it had purchased an additional $13 million worth of Bitcoin, raising its total holdings to 920 BTC. The average purchase price per Bitcoin was $98,760, signaling a confident long-term position. KULR’s shares rose 4.2% following the reveal.

Corporate Bitcoin Buying: A Growing Trend

The ongoing trend of public companies buying Bitcoin continues to influence market dynamics. While some firms see immediate gains in share price after announcing such purchases, others may experience initial volatility. Nevertheless, the broader takeaway is clear: Bitcoin is increasingly seen as a strategic asset by companies looking to diversify their holdings or attract investor interest.

This strategy mirrors MicroStrategy’s well-known approach, which has helped the company outperform many major tech stocks over the past year. With the Bitcoin price hovering above $110,000 and corporate adoption rising, more firms may be tempted to follow suit.

Looking Ahead

As Bitcoin gains traction once again and more publicly traded companies embrace the asset, crypto markets appear poised for continued growth. The confluence of institutional interest, easing macroeconomic concerns, and positive price momentum could provide the fuel needed to push Bitcoin toward new highs.

For now, all eyes remain on how corporate Bitcoin buying strategies evolve—and how markets will respond if Bitcoin manages to break past its May high and beyond.