Crypto Stocks MicroStrategy, COIN, MARA Open 2025 With Double-Digit Gains
Key Takeaways
- Crypto stocks see double-digit gains on their first day back.
- Bitcoin mining companies lead the charge with notable stock surges.
- Leading crypto stocks hit new multi-week highs after weeks of sideways movement.
Bitcoin’s (BTC) breakout above $100,000 sparked a wave of optimism in the crypto market, propelling crypto stocks to double-digit growth on their first day of the new year.
Public companies with significant Bitcoin holdings or exposure, including MicroStrategy, Coinbase, and Marathon Digital, saw their stock prices surge in response to Bitcoin’s rally.
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Bitcoin Surge Pushes MSTR, COIN, Metaplanet in Green
MicroStrategy (MSTR), the pioneer of the Bitcoin standard, recorded a 12% gain on the 24-hour chart as its stock price touched a new multi-week high of $380. MSTR stock price have risen over 18% in the new year.
MicroStrategy stocks rose to a new multi-week high. Source: GoogleThe surge came after MicroStrategy’s latest Bitcoin purchase of $101 million, bringing its total holdings to 447,470 BTC, valued at approximately $45 billion.
Coinbase (COIN) , the first major U.S. crypto exchange to go public, also rode Bitcoin’s rally. The company’s stock jumped 6.89% in one day, bringing its value to $287.70, marking a 13% increase for the year.
Meanwhile, Japan-based Metaplanet , an investment firm, saw its stock rise 9%, reaching ¥3,775 ($23).
Metaplanet stock surge in green. Source: GoogleThe company has been accumulating Bitcoin, purchasing 1,761 BTC over the last six months, and is aiming for a total of 10,000 BTC by 2025.
Bitcoin Mining Companies Record New Highs
Bitcoin mining companies were among the top performers for the week, with several stocks hitting new highs after weeks of stagnation.
Hut 8 Mining Corporation (HUT) led the pack, recording a 26% surge in the new year, with its stock price reaching $26.67. The company’s impressive rally has fueled renewed optimism in the mining sector.
Riot Blockchain (RIOT), the Texas-based Bitcoin mining company, was the second largest gainer among the public Bitcoin miners. RIOT stocks surged over 20% in the new year, rising from $10 on Dec. 31 to $12.89 earlier today.
Riot mining recorded a 20% weekly surge. Source: Google.MARA (formerly Marathon Digital), which holds the second-largest Bitcoin stash among public companies, also saw a 13% increase in its stock price, which hit $20.55. The company’s stock has climbed by 5% in just 24 hours.
Marathon Digital stocks surged over $20. Source: GoogleCleanSpark (CLSK), another key player in the Bitcoin mining space, saw a 20% rise in its stock, reaching a multi-week high of $11.43. The company also saw a 6% increase in just one day.
The resurgence of crypto stocks is a promising sign of positive trader sentiment in early 2025.
With Bitcoin’s rally and a stronger-than-expected start to the year, the outlook for January and February is optimistic.
The crypto market is poised for more bullish momentum, with heightened expectations surrounding the Jan. 20 inauguration of former President Donald Trump, which may further influence market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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