Leading the day’s movement was Nasdaq’s recent entrant, Circle Internet Group (CRCL), which jumped 7% and rose another 2.2% in after-hours trading, closing at $117.79. Major crypto miners followed suit.
Core Scientific Inc. (CORZ) rose 4.27%, with a slight 0.87% bump after market close. Competitors CleanSpark Inc. (CLSK) and MARA Holdings Inc. (MARA) each climbed over 3%, with both stocks ticking up another 1% in after-hours activity. Riot Platforms Inc. (RIOT) also added 2.74% during the day, followed by a 1.2% increase after-hours.
These gains coincided with Bitcoin’s own 4% surge to $110,150, edging closer to its record high of $112,000 set on May 22. Market sentiment appeared to improve amid reports of U.S.–China trade discussions held in the UK.
Mixed Results for Trading Platforms’ Stocks
Not all crypto-related stocks enjoyed Monday’s rally. Robinhood Markets Inc. (HOOD) was among the few laggards, falling nearly 2% to $73.40 after being left out of the S&P 500 index during its latest rebalancing.
The omission came as a disappointment to investors who had speculated on Robinhood’s inclusion, a move that often brings a boost in share price due to increased institutional interest.
In contrast, rival trading platform eToro Group Ltd. (ETOR), which recently went public, surged 10.5% and climbed another 2.4% after hours to $77.79.
American crypto exchange giant Coinbase Global Inc. (COIN) posted a modest 2% gain to $256.63, reflecting steady investor support amid the broader market uptrend.
Bitcoin Holdings Fuel Investor Confidence
Several public firms continue to embrace Bitcoin as a reserve asset. MicroStrategy Inc. (MSTR), already one of the largest corporate holders of Bitcoin, gained 4.71% and added over 1% in after-hours trading to reach $396.61.
Meanwhile, BitMine Immersion Technologies Inc. (BMNR) became the latest firm to jump on the Bitcoin bandwagon, announcing the purchase of 100 BTC following an $18 million share offering. Despite the news, BMNR fell 8.7% before slightly rebounding by 5.2% after hours to $7.25.
Energy tech company KULR Technology Group Inc. (KULR) also made headlines after announcing it had purchased another $13 million in Bitcoin, raising its total holdings to 920 BTC at an average price of $98,760 per coin. Its stocks responded positively, climbing 4.2% on the day.
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