U.S. Stock Market Update | Bitcoin-related stocks surge, with MicroStrategy rising over 9%.

Zhitong
2024.02.26 15:07
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Bitcoin concept stocks surged, with MicroStrategy rising over 9%. On Monday, Bitcoin concept stocks saw significant gains, with MicroStrategy, Riot Platforms, Coinbase, Marathon Digital, and Canaan all rising by more than 7%. MicroStrategy and its subsidiaries purchased around 30,000 bitcoins for approximately $155.4 million in cash between February 15 and February 25, with each bitcoin priced at around $51,813.

Zhitong App learned that on Monday, stocks related to Bitcoin surged. As of the time of publication, MicroStrategy (MSTR.US) and Riot Platforms (RIOT.US) rose by over 9%, Coinbase (COIN.US) by over 7%, Marathon Digital (MARA.US) by over 10%, and Canaan (CAN.US) by over 7%. In terms of news, from February 15th to February 25th, MicroStrategy and its subsidiaries purchased approximately 30,000 bitcoins for about $1.554 billion in cash, with each bitcoin priced at around $51,813.

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