Investors saw a significant increase in crypto equities during pre-market trading, with MicroStrategy leading the charge by climbing more than 10%. The company’s stock rose by 12%, nearing $255 and coming close to a record high that would represent a nearly 280% increase year-to-date. Similarly, Coinbase experienced a 12% surge, edging closer to $220 per share.
Bitcoin miners Riot, Marathon, and IREN also saw gains of over 10%, reflecting the overall positive sentiment in the market. Metaplanet, another notable performer, soared by 24% and has now achieved an impressive 1,100% increase year-to-date.
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These gains follow Semler Scientific’s 30% jump in share price yesterday, pushing the stock to $39. André Dragosch, head of research in Europe at Bitwise, believes that this initial reaction in the stock market underscores the optimism surrounding a more pro-crypto regulatory environment, potentially setting the stage for a new bull run.
