Bitcoin Surge Drives Crypto-Linked Stocks Higher Amid Growing Digital Asset Interest

Bitcoin's recent surge above $85,000 has put crypto-linked stocks back in the spotlight. When one asset dominates headlines, related shares can move quickly as sentiment, flows, and algorithms react in real-time.

FlatexDEGIRO (XTRA:FTK) is an interesting entry in this trading platform screen, as it already runs a large European online brokerage with clear scope to lean further into digital assets. The company has introduced new products such as crypto trading and securities lending, which are expected to increase revenue streams and support higher net margins.

However, one underappreciated pressure could significantly influence flatexDEGIRO's earnings path - the balance between fee income and capital intensity. This tension is at the heart of the company's narrative, where capital demands, fee pressure, and the crypto option chain are pulled apart.

Sharplink (SBET) runs an institutional Ethereum treasury platform that fits squarely into the crypto exchange and brokerage ecosystem. The company generates most of its revenue from ETH Treasury Management and Affiliate Marketing, with a stock value near $2.0 billion.

Singapore Exchange (SGX:S68) gives investors exposure to a large, multi-asset trading venue building out crypto-related derivatives on top of an established franchise in cash equities, derivatives, fixed income, and FX.