Crypto-Related Stocks Rally Broadly, Circle Surges Over 11%
0xBroomberg
Bitcoin jumped over 4% past $66,000 and Ethereum surged nearly 10% above $1,800 on Monday, lifting US-listed crypto stocks across the board — Circle led with a single-day gain of over 11%.
Who gained the most in this rally?
Circle (CRCL.US) led the board, surging over 11%; Bitmine Immersion Technologies (BMNR.US) followed with gains above 8%.
Coinbase, Robinhood, and Strategy each rose more than 7%; CleanSpark and MARA Holdings gained over 5%.
This means → it was not a single-stock move but a sector-wide lift — coin prices rose, and crypto equities followed in lockstep.
What drove the sudden price spike?
Bitcoin climbed over 4% to clear $66,000; Ethereum jumped nearly 10%, reclaiming $1,800.
On the news front, two listed companies disclosed large purchases simultaneously, sending a clear bullish signal.
In plain terms = big money put real capital behind the view that "prices are cheap right now," and broader sentiment warmed accordingly.
How much Bitcoin did Strategy buy?
Founder Michael Saylor announced the company purchased 1,587 BTC, spending roughly $100 million.
The purchase brought Strategy's total Bitcoin reserve to 846,842 BTC — it remains one of the largest public-company holders globally.
This reflects an unchanged playbook: Strategy treats its balance sheet as a Bitcoin accumulation vehicle and keeps adding.
Why is Bitmine buying the Ethereum dip?
Bitmine disclosed in its latest chairman's letter that it acquired 76,881 ETH over the past week, maintaining a high purchase cadence.
The company's thesis: the current ETH pullback does not reflect improving Ethereum fundamentals, and the crypto market is in an early bull-cycle stage.
This means → Bitmine is not betting on a short-term bounce but on a larger cycle call — that the bull run is just beginning.
That remains a one-sided corporate view, however. Whether it delivers will be the key test of this thesis.
Content is for reference only, not financial advice.