Crypto-Linked Stocks Soar with Bitcoin, Ethereum Rally

Crypto-linked stocks surged as Bitcoin moved back above $81,000 and Ethereum climbed above $2,500. Strategy (MSTR) led the rally, rising 17.56% to close at $144.82.

The company's latest Bitcoin purchase and bullish Wall Street ratings contributed to its success. Strategy ended a 10-week buying pause with the purchase of 4,603 BTC for $370 million.

This move gave MSTR stock another boost as investors continued to use it for exposure to Bitcoin. The partnership between Strategy and Google Cloud also added a business growth angle beyond Bitcoin.

Bitmine Immersion Technologies (BMNR), one of the largest corporate holders of Ethereum, surged more than 15%. Its recent uplisting to the New York Stock Exchange has attracted deeper institutional liquidity.