Crypto stocks rise as bitcoin pops above $100,000; MicroStrategy continues to load up

Reuters

Crypto stocks rise as bitcoin pops above $100,000; MicroStrategy continues to load up

** Cryptocurrency and blockchain-related stocks rise as bitcoin reclaims the $100,000 level for the first time since Dec 19** Bitcoin , world's biggest cryptocurrency, recently up 3.8% at $101,933, while Ether (ETH=) up 1.3% to $3,694** Shares of BTC hoarder, MicroStrategy , up >5% on the session. Co on Mon disclosed on Dec 30 and Dec 31 it bought approx 1,070 bitcoins for about $101 mln in cash at avg price of $94,004/bitcoin, bringing its total holdings to approx 447,470 bitcoins ** Late Fri, MSTR announced targeted capital raise of up to $2 bln of preferred stock to buy even more ** Crypto exchange Coinbase Global up 6% on Mon, and U.S.-listed shares of blockchain farm operator Bitfarms up 4% ** Crypto miners gain: Riot Platforms ~4% , Mara Holdings 3%, Hut 8 9% ** Shares of retail trading platform Robinhood Markets up ~4% on the session ** ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both climbing about 4%** BTC soared above the $108,000 mark last month amid hopes of a friendlier regulatory environment for cryptocurrencies under a Donald Trump administration ** Meanwhile, Bernstein sees BTC surpassing $200,000 by end-2025, citing potential for a national reserve, increased ETF inflows and accelerated institutional adoption, among other predictions