Strategy MSTR and Bitmine BMNR Stocks Surge Amid Bitcoin and Ethereum Rally

Crypto-linked stocks have surged in recent days as Bitcoin and Ethereum rallied. One such stock is Strategy (MSTR), which rose by a significant 17.56% to close at $144.82, thanks in part to its latest Bitcoin purchase.

The company's decision to end its 10-week buying pause and purchase 4,603 BTC for $370 million has sent sentiment turning bullish. This move, combined with the partnership with Google Cloud on enterprise AI and secure database tools, has added a business growth angle beyond Bitcoin.

Another crypto-linked stock that jumped sharply is Bitmine Immersion Technologies (BMNR), which surged more than 15% to close at $26.45. The company's growing Ethereum holdings have caught investors' attention, with its latest purchase of 53,501 ETH for $131.3 million marking its largest since June.