Surge in Cryptocurrency Share Prices Amid Digital Asset Growth

The share price of companies focused on the cryptocurrency industry surged on Monday amid a rise in digital assets and other risk-on investments.

Strategy’s Rise

Strategy—formerly known as MicroStrategy—closed up by more than 10%, trading at $335.72 a share, according to Nasdaq data. This software company, which trades under the ticker MSTR, is the largest corporate holder of Bitcoin. On Monday, it announced it surpassed 500,000 Bitcoin in its holdings following its latest purchase. Based in Tysons, Virginia, MSTR stated it now holds 506,137 Bitcoin, valued at $44.2 billion.

Coinbase and Bitcoin Mining Companies Increase

The largest U.S. crypto exchange, Coinbase (NASDAQ: COIN), rose by 7% Monday afternoon, reaching a price of $203. In addition, major public Bitcoin mining companies also saw increases: low-carbon miner CleanSpark (CLSK) jumped over 18% to $8.79; Riot Platforms (RIOT) increased nearly 10% to $9.69; and MARA Holdings (MARA) was priced at $14.61, up 18%.

Positive Market Indicators

U.S. equities traded higher on Monday after the White House indicated it would soften its aggressive stance on tariffs. The tech-heavy Nasdaq increased by 2.2%. Bitcoin, the largest cryptocurrency by market cap, was trading at about $87,350, up 2.2% over the past 24 hours, while Ethereum and Solana experienced increases of more than 4% and 6%, respectively.

Economic Context

Earlier this month, the Consumer Price Index showed inflation slightly lower than expected, easing market concerns about rising prices and stagnation, known as stagflation. U.S. President Donald Trump’s tariffs on Mexico, China, and Canada have raised concerns that have limited the impact of his pro-crypto policies.

Bitcoin recently hit an all-time high above $108,000 after Trump’s inauguration but has since retreated below $80,000 at times. Trump has cut regulations and announced plans for a special Bitcoin reserve.

Edited by James Rubin