Bitcoin (BTC) $102,673.0 It increased by 4% in 24 hours, breaking the psychological barrier of $ 100,000. This development led to a surge in crypto-related stocks before the US market opened.
Semler Scientific and MicroStrategy
Medical device company Semler Scientific (SMLR)’s shares increased by over 7%, approaching $70 levels. It was reported that the company had 1,570 BTC in its possession. This rise showed the positive impact of the company’s investments in crypto assets.
MicroStrategy (MSTR) stands out as the company that holds the most bitcoin among publicly traded companies, with 402,100 BTC. MicroStrategy, which describes itself as a Bitcoin development company, experienced an increase of over 6.5% in its shares. This increase shows that the company’s crypto strategy has been positively received by investors.
Increase of Mining Companies
MARA Holdings (MARA) gained more than 6% for its second-largest bitcoin holding. The company issued $850 million of zero-coupon convertible senior bonds due in 2031. It was stated that the majority of the revenues will be directed to the purchase of bitcoin and the repurchase of existing bonds maturing in 2026.
Other mining companies also performed positively. IREN (IREN) shares are up 4.6% and it plans to issue $300 million of convertible senior notes due 2030. Hut 8 announced a $500 million in-market share offering and a $250 million share repurchase program to support growth and shareholder returns, up almost 7%.
Coinbase’s Value Continues to Increase
Crypto exchange Coinbase (COIN) is also attracting investors’ attention with a 4.4% increase. The company’s market activity continues in parallel with the upward trend in the general crypto market.
This activity in the crypto market shows that investors’ interest in digital assets is increasing. Positive developments in Bitcoin’s price have led to shares of crypto-related companies gaining value. This allows the evaluation of investment opportunities throughout the sector.
Financial strategies and crypto asset management play an important role in increasing the value of companies. Similar trends are expected to continue in the future, providing various opportunities for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
