Strategy & Bitmine Stocks Soar as Bitcoin and Ethereum Rally

Crypto-linked stocks surged on Monday as Bitcoin reclaimed $81,000 and Ethereum surpassed $2,500. Strategy (MSTR) led the rally, increasing by over 17% to close at $144.82, driven in part by its latest Bitcoin purchase and positive Wall Street ratings.

The company's decision to end a 10-week buying pause and acquire 4,603 BTC for $370 million sparked a 6% price jump in Bitcoin, further boosting MSTR stock. The partnership between Strategy and Google Cloud also contributed to the growth, as it adds a new business angle beyond Bitcoin.

Bitmine Immersion Technologies (BMNR) shares rose over 15%, reaching $26.45, following investors' focus on the company's growing Ethereum holdings. Bitmine has become one of the largest corporate holders of Ethereum, with its latest purchase pushing its total holdings to 5.9 million ETH.