Bitcoin rally sends crypto stocks soaring as miners, treasury companies jump

Ikhtisar:Shares of Bitcoin miners and digital-asset treasury companies rose sharply Friday as a broader crypto rally lifted related equities, supported by the US Treasury‘s decision to double certain long-dated bond buybacks to bolster market liquidity. Canaan led gains, climbing over 25%, while MARA Holdings, Strive, and Japan’s Metaplanet each advanced more than 16%; Coinbase and Robinhood also posted double-digit gains. Bitcoin extended its weekly rise past 23%, briefly topping $79,000, while Ether gained nearly 30% to above $2,400. Sentiment was further boosted by President Trump renewing calls for Congress to pass the CLARITY Act, which would define CFTC and SEC oversight roles, and reviving the prospect of sizable US government Bitcoin acquisitions.

Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite.

Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursdays session.

Strive, which holds more than 20,000 Bitcoin (BTC) on its balance sheet, jumped more than 16% on Friday. Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy by acquiring Nasdaq-listed Super League Enterprise, also gained more than 16%.

Shares of crypto exchange Coinbase and brokerage platform Robinhood posted double-digit percentage gains, underscoring how BTCs recovery spilled over into publicly traded companies with direct exposure to digital assets.

Crypto-related stocks were rallying as Bitcoin extended its weekly gain to more than 23% on Friday, briefly topping $79,000, according to CoinMarketCap data. Ether (ETH) gained nearly 30% over the same period, climbing above $2,400.

Related: Crypto Biz: Treasury‘s ’Not-QE playbook sends Bitcoin higher

Trump adds regulatory tailwinds to crypto rally

Digital asset markets also drew support from comments by US President Donald Trump on Thursday, when he renewed calls for Congress to advance the CLARITY Act. The legislation remains stalled after lawmakers failed to move it forward before the August recess.

The bill is viewed as a potentially significant step toward establishing a clearer regulatory framework for digital assets in the United States, including defining the respective oversight roles of the Commodity Futures Trading Commission and Securities and Exchange Commission.

Trump also revived the prospect of the US government acquiring Bitcoin at a “sizable” scale following meetings with crypto industry leaders this week.

Related: Bitcoin ETFs draw $517M in largest one-day inflow since early May

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