Crypto
Bitcoin Miners Surge as Treasury Stocks Lag Behind
Three US-listed treasury and platform stocks posted losses over the past week. MicroStrategy Inc., Coinbase Global Inc., and Circle Internet Group Inc. closed lower despite modest gains on Friday.
The decline was largely in line with Bitcoin's 3% weekly drop, indicating that these stocks are closely tied to the cryptocurrency's performance.
However, publicly listed bitcoin miners CleanSpark Inc., Hut 8 Corp., and MARA Holdings Inc. bucked the trend by posting gains over the past week.