Bitcoin News
By Maheen Hernandez
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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.
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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.
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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.
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Several U.S.-listed companies with crypto exposure followed Bitcoin’s lead and closed Monday in the green.
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Notably, Circle Internet Group (CRCL), a recent Nasdaq entrant and the issuer behind the USDC stablecoin, posted a 7% gain during regular trading.
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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.
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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.
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While most crypto stocks were in the green, Robinhood (HOOD) bucked the trend. The trading platform’s shares dipped nearly 2% to $73.
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Speculation had been mounting that Robinhood might be added to the index, which typically brings positive momentum and increased exposure to a stock.
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Robinhood shares did recover slightly in after-hours trading, gaining just under 0.8%.
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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.
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Meanwhile, Coinbase (COIN), the largest U.S. crypto exchange, posted a more modest gain of 2%, closing at $256.63.
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One of the key drivers behind Monday’s market optimism is the increasing number of public firms adding Bitcoin to their treasuries.
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BitMine Immersion Technologies (BMNR), which specializes in renting out Bitcoin mining hardware, Revealed that it purchased 100 BTC for the first time.
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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.
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