Bitcoin’s new all-time high helped lift shares of Bitcoin miners and some crypto treasury companies on Monday, with most ending the trading day with double-digit percentage gains.
Argo Blockchain was the biggest global gainer among crypto miners on Monday, rallying over 96% on the London Stock Exchange to 5.3 British pence ($0.07), with its US rivals also posting gains of over 20% in some cases.
Crypto treasury companies were also boosted, with Worldcoin (WLD) buying firm, Eightco Holdings (ORBS), rallying over 34% to close trading at $11. It is, however, still down from its 2025 peak of $45, reached after announcing plans to amass the token.
The gains in Bitcoin (BTC) and crypto companies come amid a wider market rally as the cryptocurrency has become increasingly tied with traditional finance, with the tech-heavy S&P 500 also gaining 0.36% on Tuesday.
Crypto mining sector boosted
Shares in US crypto mining companies were boosted by Bitcoin’s rise. HIVE Digital Technologies (HIVE) gained more than 25% over the trading day, and momentum continued after-hours with another 11% gain to $6.18.
Shares in HIVE Digital continued to gain after the bell on Monday. Source: Google FinanceRivals Bitfarms (BITF) and IREN (IREN) also saw gains of around 15% to $3.46 and $57.75, respectively, with both continuing to rise after hours.
Meanwhile, major Bitcoin miner Riot Platforms (RIOT) gained 10.9% to $21.56, while MARA Holdings (MARA) jumped 9.3% to $20.57.
Bitcoin treasury shares are more varied
Bitcoin buying and holding companies saw mixed results on Monday, with the New York-listed Hong Kong-based Bitcoin treasury company DDC Enterprise (DDC) leading the day with gains of 22%.
Shares in major BTC-buyer Strategy (MSTR) closed up 2.3%, while major Bitcoin treasuries GD Culture Group (GDC) and Strive (ASST) ended the session down 4.2% and 2.7%, respectively.
Other major Bitcoin holding firms also ended the day at a loss or flat, with Kindly MD finishing down 8.8% at $1.03, while Semler Scientific (SMLR) gained only 0.62%.
Kindly MD was the worst-performing Bitcoin treasury company on Monday. Source: Google FinanceRelated: BlackRock’s most profitable ETF is now a ‘hair away’ from $100B
Meanwhile, altcoin treasury companies outperformed on the day, including the BNB (BNB) treasury company CEA Industries (BNC), which jumped 15.6% to $9.40, and the Solana (SOL) buying firm Forward Industries (FORD), which closed up 12.8% to $25.43.
Bitcoin hits new high above $126,000
The gains come as Bitcoin rallied to a new all-time high of $126,080 on Monday, according to CoinGecko.
Bitcoin has traded flat over the past day after peaking at over $126,000. Source: CoinGeckoThe cryptocurrency has been boosted as institutional investors have increasingly warmed to the asset, and by a weakening US dollar as traders flee to non-American investments due to President Donald Trump’s on-and-off-again tariffs.
Ether (ETH) has also gained 3% over the last day, trading at $4,675, just 5.3% off its late August all-time high of over $4,900.
Magazine: 7 reasons why Bitcoin mining is a terrible business idea
Source: https://cointelegraph.com/news/crypto-mining-treasury-stocks-rise-bitcoin-peak-high?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
