Share this article
BTC
$82,857.87
+
0.32%ETH
$1,789.81
-
0.09%USDT
$0.9996
+
0.01%XRP
$2.1419
+
1.56%BNB
$593.75
+
0.34%SOL
$117.81
+
0.21%USDC
$1.0000
+
0.01%DOGE
$0.1684
+
0.06%ADA
$0.6532
-
0.30%TRX
$0.2382
-
1.22%LINK
$12.70
+
0.71%LEO
$8.9731
-
4.44%TON
$3.2387
-
4.63%XLM
$0.2544
-
1.62%AVAX
$17.97
-
0.56%SHIB
$0.0₄1217
-
0.31%SUI
$2.2086
-
0.54%HBAR
$0.1599
-
2.43%LTC
$82.54
-
0.68%OM
$6.2380
-
1.21%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
U.S. Crypto Stocks Surge in Pre-Market Trading as Bitcoin Tops $100K
MARA Holdings climbed on completing an $850 million offering of a zero-coupon convertible senior note.
What to know:
- As bitcoin jumped over $100,000, crypto-related stocks climbed in pre-market trading.
- Semler Scientific rallied more than 7% while MicroStrategy and MARA Holdings both gained 6%.
- IREN and Hut 8 find new ways to increase shareholder value, gaining before the open.
The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR).
Crypto-related equities jumped before the U.S. market open after bitcoin (BTC) broke through the $100,000 psychological barrier, adding 4% in 24 hours.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Medical device company Semler Scientific (SMLR) led gains, adding more than 7% and approaching $70 a share. The company holds 1,570 BTC, according to bitcointreasuries.net.
Self-described bitcoin development company MicroStrategy (MSTR), with 402,100 BTC, is up over 6.5%. It holds the most bitcoin among all publicly listed companies.
MARA Holdings (MARA), with the second-largest stash, also rose more than 6%. The bitcoin miner completed an $850 million offering of a zero-coupon convertible senior note due in 2031. The proceeds will primarily go towards acquiring bitcoin and repurchasing existing notes due 2026.
Other miners also rose.
IREN (IREN) added 4.6%. It plans to offer a $300 million convertible senior note due 2030, with an additional $45 million option. The proceeds will go toward funding capped call transactions, a prepaid forward share purchase, and general corporate purchases.
Hut 8, up almost 7%, announced a $500 million at-the-market (ATM) offering and a $250 million stock repurchase program to support growth and shareholder returns, including buying bitcoin as a reserve asset.
Crypto exchange Coinbase (COIN) gained 4.4%.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system. In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
