Cryptocurrency Surge Boosts MicroStrategy and Other Crypto Stocks

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Oct 11, 2024
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Bitcoin and Ethereum have seen significant increases in their prices, leading to a collective strengthening of cryptocurrency-related stocks in the U.S. market. Notably, MicroStrategy (MSTR, Financial) surged by 12% in value. Other companies like CleanSpark and Cipher Mining experienced gains of over 8%. Argo Blockchain and Coinbase both had increases of more than 6%, while Riot Platforms and Bit Digital rose by over 5%. Furthermore, Smartlink Group saw an increase of over 1%.

The latest price for Bitcoin has surpassed $62,000 per coin, and Ethereum is currently priced at $2,447 per coin.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.