Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surge-drives-stock-increases-for-crypto-related-companies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surge Drives Stock Increases for Crypto-Related Companies</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) surpassed the psychological barrier of $100,000, showing a 4% increase within 24 hours. This development led to a rise in the stocks associated with cryptocurrencies before the opening of the US markets.</p>
<h2 id="semler-scientific-and-microstrategy">Semler Scientific and MicroStrategy</h2>
<p style="text-align: justify">Medical device company Semler Scientific (SMLR) approached the $70 mark with an over 7% increase in its shares. Reports indicate that the company holds 1,570 BTC. This rise reflects the positive impact of the company’s investments in crypto assets.</p>
<p style="text-align: justify">MicroStrategy (MSTR) stands out as the public company with the most Bitcoin, holding 402,100 BTC. Identifying itself as a Bitcoin development firm, MicroStrategy saw over a 6.5% increase in its shares. This surge indicates that investors have responded positively to the company’s crypto strategy.</p>
<h2 id="increase-in-mining-companies">Increase in Mining Companies</h2>
<p style="text-align: justify">MARA Holdings (MARA) recorded more than a 6% gain, thanks to its substantial Bitcoin holdings. The company issued $850 million in zero-coupon convertible senior bonds due in 2031, with most proceeds directed towards Bitcoin purchases and the buyback of existing bonds maturing in 2026.</p>
<p style="text-align: justify">Other mining companies also performed well. IREN (IREN) shares rose by 4.6%, with plans to issue $300 million in convertible senior bonds due in 2030. Meanwhile, Hut 8 announced a $500 million market offering and a $250 million share buyback program, experiencing nearly a 7% increase.</p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/insightful-forecast-the-impact-of-upcoming-economic-indicators-on-cryptocurrency-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange <a href="https://en.coin-turk.com/will-ftx-exchange-reopen-ftt-token-predictions-and-latest-updates/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> (COIN) attracted investor interest with a 4.4% increase. The company’s market activity continues to align with the upward trend in the overall <a href="https://en.coin-turk.com/wazirx-plans-recovery-token-to-address-debts-after-cyber-attack/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>.</p>
<p style="text-align: justify">This volatility in the crypto market indicates a growing interest in digital assets. Positive developments in Bitcoin’s price have led to increased stock values for crypto-related companies, presenting investment opportunities across the sector. Financial strategies and management of crypto assets play a significant role in the companies’ value appreciation, suggesting similar trends may continue, offering various opportunities for investors.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-surge-drives-stock-increases-for-crypto-related-companies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surge Drives Stock Increases for Crypto-Related Companies</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Surge Drives Stock Increases for Crypto-Related Companies

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