Crypto Stocks Soar as Bitcoin, Tech Sector Gain

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE The share price of companies focused on the cryptocurrency industry shot up Monday amid a surge in digital assets and other risk-on investments. Strategy—formerly known as MicroStrategy —closed up by more than 10%, trading at $335.72 a share, Nasdaq data shows. The software company, which trades under 'MSTR' ticker, is the largest corporate holder of Bitcoin . On Monday, it announced that it had surpassed more than 500,000 bitcoin in its holdings after its latest purchase. Tysons, Virginia-based MSTR said it now holds 506,137 Bitcoin valued at $44.2 billion, according to a press release . The company has been selling stock to fund its offerings. The largest U.S. crypto exchange, Coinbase (NASDAQ: COIN) was up 7% Monday afternoon Eastern Time, with a price of $203. Elsewhere, major public Bitcoin mining companies rose, too: Low-carbon powered miner CleanSpark (CLSK) jumped over 18% Monday afternoon, trading hands for $8.79; Riot Platforms (RIOT)  jumped nearly 10% to a price of $9.69; and MARA Holdings (MARA) was recently priced at  $14.61 a share after rising 18%. U.S. equities traded higher on Monday after  the White House indicated that it would soften its aggressive stance on hitting trading partners with tariffs, and as other macroeconomic signs have pointed in a more favorable direction the past few days. The tech-heavy Nasdaq jumped 2.2% on Monday. Bitcoin, the largest crypto by market cap, was recently trading at about $87,350, up 2.2% over the past 24 hours, according to data provider CoinGecko. Ethereum and Solana were trading up more than 4% and 6%, respectively, over the same period. Earlier this month, the Consumer Price Index, a widely watched measure of inflation, arrived slightly lower than forecast, encouraging markets that had been fretting over the prospect of rising prices and stagnating growth—called stagflation. U.S. President Donald Trump's tariffs on Mexico, China and Canada have played a prominent role in these concerns, undercutting the positive impact of his crypto-favoring policies. Bitcoin hit a new all-time high above $108,000 following his inauguration that also sent equity markets higher, but has retreated in recent weeks, falling below $80,000 at different points. Trump has slashed regulation and announced the creation of a special bitcoin reserve. Edited by James Rubin Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!