Bitcoin (BTC) reaches a historic high, driving a surge in cryptocurrency mining and treasury stocks.

CN
4 hours ago

Bitcoin reached a historic high of over $126,000, helping the stock prices of Bitcoin mining companies and some crypto treasury firms surge on Monday, with most companies recording double-digit percentage gains by the close.

Argo Blockchain was the biggest gainer among global crypto miners on Monday, soaring over 96% on the London Stock Exchange to 5.3 pence ($0.07), while its American competitors also saw gains of over 20% in some cases.

Crypto treasury companies were also boosted, with Worldcoin (WLD) acquiring Eightco Holdings (ORBS) surging over 34% to close at $11. However, the stock remains below its peak of $45 in 2025, which was reached after the announcement of a large acquisition plan for the token.

The gains in Bitcoin and crypto companies occurred amid a broader market rebound, as cryptocurrencies become increasingly intertwined with traditional finance, with the tech-dominated S&P 500 index also rising 0.36% on Tuesday.

U.S. crypto mining company stock prices were buoyed by the rise in Bitcoin. HIVE Digital Technologies (HIVE) saw an intraday gain of over 25%, continuing to rise 11% in after-hours trading to $6.18.

Competitors Bitfarms (BITF) and IREN (IREN) also recorded gains of about 15%, closing at $3.46 and $57.75, respectively, with both continuing to rise in after-hours trading.

Meanwhile, major Bitcoin mining company Riot Platforms (RIOT) rose 10.9% to $21.56, while MARA Holdings (MARA) jumped 9.3% to $20.57.

Bitcoin acquisition and holding companies had mixed performances on Monday, with Hong Kong-based Bitcoin treasury company DDC Enterprise (DDC) leading with a 22% gain.

Major BTC acquirer Strategy (MSTR) saw its stock rise 2.3%, while major Bitcoin treasury GD Culture Group (GDC) and Strive (ASST) fell 4.2% and 2.7%, respectively.

Other major Bitcoin holding companies also saw declines or remained flat, with Kindly MD dropping 8.8% to $1.03, while Semler Scientific (SMLR) only rose 0.62%.

At the same time, altcoin treasury companies performed well that day, including BNB treasury company CEA Industries (BNC), which jumped 15.6% to $9.40, and Solana (SOL) acquirer Forward Industries (FORD), which rose 12.8% to $25.43.

According to CoinGecko data, Bitcoin surged to a historic high of $126,080 on Monday, leading to these gains.

The cryptocurrency was buoyed by increasing institutional investor interest in the asset, as well as a weakening dollar due to Donald Trump's sporadic tariff policies causing traders to flee to non-U.S. investments.

Ethereum (ETH) also rose 3% in the past day, trading at $4,675, just 5.3% shy of its historic high of over $4,900 reached at the end of August.

Related: Analyst: Bitcoin will "break through" to the next phase, targeting $150,000

Original article: “Bitcoin (BTC) Hits Historic High, Driving Surge in Crypto Mining and Treasury Stocks”

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