Bitcoin smashing through the $100,000 mark has sent ripples through the market, lifting U.S. crypto stocks in pre-market trading. The psychological milestone, reached after a 4% daily jump, has fueled gains across the board, from miners to major holders.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
MARA Holdings Secures $850M for Bitcoin Purchases
MARA Holdings (MARA) climbed more than 6% following the completion of an $850 million zero-coupon convertible senior note offering, set to mature in 2031. The funds, as reported by bitcointreasuries.net, will primarily go toward purchasing Bitcoin and refinancing 2026 notes. MARA’s substantial Bitcoin reserves, second only to MicroStrategy, position the company as a powerhouse in the space.
MicroStrategy and Others Capitalize on Bitcoin Surge
MicroStrategy (MSTR), boasting a whopping 402,100 BTC, gained over 6.5%, reaffirming its dominance as the largest Bitcoin-holding public company. Other miners joined the rally: Hut 8 (HUT) rose nearly 7% after announcing a $500 million at-the-market offering and a $250 million stock repurchase program to enhance shareholder value and expand reserves.
Semler Scientific and IREN Find Growth Paths
Even non-traditional players like Semler Scientific (SMLR), a medical device firm with 1,570 BTC, rallied over 7%, nearing $70 per share. Meanwhile, Iris Energy (IREN) gained 4.6% after outlining plans for a $300 million convertible senior note issuance to support corporate growth initiatives.
Investors can keep track of their favorite crypto stocks on TipRanks. Click on the image below to find out more.
