Bitcoin rally lifts miners and treasury firms, boosting crypto‑related stocks

Bitcoin’s price climb past $79,000 sparked a broad rally in publicly traded crypto‑related equities, benefitting miners, treasury firms and digital‑asset platforms.

Miner and treasury stocks lead the surge

China‑based miner Canaan posted the biggest gain, rising more than 25% on Friday. MARA Holdings also moved higher, adding nearly 16% after a Thursday advance. Treasury‑focused firm Strive, which holds over 20,000 BTC, jumped more than 16%, while Japan‑listed Metaplanet—recently expanding its Bitcoin holdings through the acquisition of Super League Enterprise—gained a similar percentage.

Exchange and brokerage stocks follow Bitcoin’s momentum

Shares of crypto exchange Coinbase and brokerage platform Robinhood recorded double‑digit gains, reflecting the spill‑over effect of Bitcoin’s recovery onto companies with direct digital‑asset exposure.

Broader market context

Bitcoin extended its weekly rise to over 23% and briefly topped $79,000, while Ether climbed nearly 30% to above $2,400, according to CoinMarketCap data. The rally coincided with the U.S. Treasury’s decision to double certain long‑dated bond buybacks, a move intended to support Treasury market liquidity and boost risk appetite.

Regulatory backdrop

U.S. President Donald trump-trump">Trump called for Congress to advance the CLARITY Act, a stalled bill aimed at clarifying the regulatory framework for digital assets and defining the roles of the CFTC and SEC. Trump also mentioned the possibility of the U.S. government acquiring Bitcoin at a sizable scale after recent meetings with industry leaders.