Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300

As a seasoned analyst with a decade of experience in the volatile world of cryptocurrencies, I’ve seen my fair share of rollercoaster rides. However, the recent surge in U.S. crypto equities is reminiscent of the dot-com boom, albeit with a digital twist.

On the weekend, the primary digital currency, Bitcoin (BTC), broke the $82,000 barrier for the first time ever, leading to an increase in value for U.S. stocks tied to cryptocurrencies, even before regular market hours began.

The company MicroStrategy, which owns the most bitcoin (252,200 BTC), experienced a 11% increase in its stock price, reaching over $300 per share. Meanwhile, Semler Scientific, often following MicroStrategy’s lead, jumped by 25% and is nearly touching its yearly high. Additionally, CoinBase, a crypto exchange, saw almost a 17% rise as well.

MARA (MARA) is experiencing significant growth among mining companies, with an increase of nearly 20%. This upward trend is bolstered by the 26,842 Bitcoin it holds in its reserves, a figure second only to MicroStrategy’s.

Remarkable increases were also seen in the performances of digital platforms such as Riot, represented by RIOT, energy company IREN (IREN), and HIVE Digital Technologies (HIVE), with each experiencing a growth of more than 10%.