U.S. Crypto Stocks Jump in Pre-Market Trading as Bitcoin Tops $100K

Crypto Stocks Soar as Bitcoin Surpasses $100K, MARA Raises $850M in Offering

Crypto-related stocks surged ahead of the U.S. market open, following Bitcoin’s (BTC) breakthrough above the $100,000 mark, marking a 4% increase in the past 24 hours.

Semler Scientific (SMLR), a medical device company that holds 1,570 BTC, led the rally, jumping more than 7% and approaching $70 per share. Its Bitcoin holdings, as reported by bitcointreasuries.net, have significantly contributed to the price movement.

MicroStrategy (MSTR), with a staggering 402,100 BTC, saw its stock price rise by over 6.5%. As the company holding the largest Bitcoin reserve among publicly traded firms, it continues to attract attention as Bitcoin’s price continues its ascent.

MARA Holdings (MARA), the second-largest holder of Bitcoin, also experienced a notable 6% increase in its shares. The Bitcoin mining company recently completed an $850 million offering of zero-coupon convertible senior notes, due in 2031. The funds raised will be used for acquiring additional Bitcoin and repurchasing outstanding notes due in 2026.

Other miners saw strong performances as well. IREN (IREN) rose 4.6%, announcing a $300 million convertible senior note offering, with an extra $45 million option, to fund various corporate strategies, including share repurchases.

Hut 8, which gained nearly 7%, introduced a $500 million at-the-market (ATM) offering along with a $250 million stock buyback plan, aimed at supporting growth and providing value to shareholders, including buying Bitcoin as a reserve asset.

Coinbase (COIN), the leading cryptocurrency exchange, also saw a 4.4% increase in its stock price, benefiting from Bitcoin’s continued rally.