MicroStrategy (MSTR), the leading corporate investor in bitcoin, saw its stock price rise by 12% to nearly $255. This puts the company just a few percentage points away from reaching a new record high, marking a remarkable 280% increase in value for the year.
Joining MicroStrategy in the surge, popular cryptocurrency exchange Coinbase also experienced a 12% increase in its stock price. Additionally, crypto mining companies saw significant gains, with Riot Platforms (RIOT) up by 12%, Marathon Digital Holdings (MARA) rising 11%, and IREN (IREN) climbing 12%.
Overall, the cryptocurrency market continues to show strong momentum, with companies involved in bitcoin and blockchain technology witnessing substantial growth in their stock prices.