Circle Internet Stock Surges on Bitcoin Rally and IBM Patent Deal
Circle Internet Group Inc.'s stock has surged by 2.06% after a strong rally in Bitcoin and the announcement of an IBM patent deal.
The company's shares jumped over 9% alongside other crypto-related names after Bitcoin moved above $70,000, fueled by a favorable policy signal from a Trump meeting with crypto executives.
Circle Internet acquired a large portion of IBM's global blockchain patent portfolio, including more than 680 patent families and nearly 1,000 issued patents. This move has lifted the company's shares about 2% in premarket trading.