US Crypto Stocks Soar, MicroStrategy Reaches $300

Disclaimer: The analyst who wrote this news owns shares of MicroStrategy (MSTR), Riot Platforms (RIOT), Semler Scientific (SMLR) and Marathon Digital Holdings (MARA).

Bitcoin (BTC), the leading token by market cap, surpassed $82,000 for the first time in history over the weekend, spurring price gains in U.S. crypto stocks.

MicroStrategy, the publicly traded company with the largest stash of bitcoin (252,200 BTC), rose 11 percent to over $300 per share. Semler Scientific, on the other hand, increased by 25% and approached the highest level of the year. Crypto exchange Coinbase also gained almost 17% in the same period.

MARA (MARA) led miners’ gains, up nearly 20%. The positive price movement is supported by 26,842 BTC held on the company’s balance sheet.

Other notable miner performances include Riot Platforms (RIOT), IREN (IREN), and HIVE Digital Technologies (HIVE), all reaching double digits.

Leave a Reply

Your email address will not be published. Required fields are marked *