CRCL Surges as Bitcoin Rally and IBM Patent Deal Fuel Momentum

Circle Internet Group Inc.'s stock has surged by 2.25% after positive sentiment around expanding stablecoin adoption.

The move comes as Bitcoin continues to trade above $71,000, lifting crypto-linked names and pushing Circle Internet Group shares higher in premarket action.

A major purchase of IBM's global blockchain patent portfolio, spanning over 680 patent families and nearly 1,000 issued patents, has also contributed to the increase in CRCL shares.