Driven by Bitcoin’s recent surge to a record high, shares of companies involved in Bitcoin mining and crypto treasury management experienced a significant boost on Monday. Many closed the trading session with gains reaching double-digit percentages.
Argo Blockchain emerged as the leading performer among global crypto mining firms on Monday, skyrocketing by over 96% on the London Stock Exchange, reaching 5.3 British pence (approximately $0.07). Across the Atlantic, its American counterparts also saw substantial gains, exceeding 20% in certain instances.
Companies holding crypto assets also benefited from the positive market sentiment. Eightco Holdings (ORBS), a firm known for acquiring Worldcoin (WLD), witnessed its shares rally by over 34%, concluding trading at $11. While this is a substantial increase, it remains below its peak of $45, achieved back in 2025 after announcing plans for a major token acquisition.
The positive momentum in Bitcoin (BTC) and related businesses coincides with a broader market upswing. This reflects the increasing integration of cryptocurrency with traditional financial markets. Notably, the S&P 500, which is heavily weighted toward technology stocks, also saw a gain of 0.36% on Tuesday.
Crypto Mining Sector Sees Gains
The rise in Bitcoin’s value provided a significant tailwind for U.S.-based crypto mining company stocks. HIVE Digital Technologies (HIVE) shares climbed by over 25% during the trading day, and this positive trend continued into after-hours trading, adding another 11% to reach $6.18.
Competitors Bitfarms (BITF) and IREN (IREN) also experienced notable gains, rising by approximately 15% to $3.46 and $57.75, respectively. Both companies continued to see upward movement in their share prices after the regular trading hours.
Riot Platforms (RIOT), a major player in Bitcoin mining, saw its shares increase by 10.9% to $21.56, while MARA Holdings (MARA) jumped 9.3% to $20.57.
Mixed Results for Bitcoin Treasury Stocks
Companies that primarily buy and hold Bitcoin experienced varied outcomes on Monday. DDC Enterprise (DDC), a Bitcoin treasury company listed in New York but based in Hong Kong, led the sector with a 22% increase in its share price.
Strategy (MSTR), a company known for its substantial Bitcoin holdings, saw its shares rise by 2.3% at the close of trading. However, two other significant Bitcoin treasuries, GD Culture Group (GDC) and Strive (ASST), ended the session down 4.2% and 2.7%, respectively.
Other major firms holding Bitcoin also experienced losses or remained relatively unchanged. Kindly MD saw the biggest decline, falling 8.8% to $1.03, while Semler Scientific (SMLR) posted a modest gain of only 0.62%.
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In contrast, companies holding alternative cryptocurrencies generally outperformed Bitcoin treasury firms on Monday. For example, CEA Industries (BNC), which holds BNB (BNB), surged 15.6% to $9.40. Forward Industries (FORD), a firm accumulating Solana (SOL), closed the day up 12.8% at $25.43.
Bitcoin Reaches New Peak Above $126,000
These market gains occurred as Bitcoin’s price surged to a new all-time high of $126,080 on Monday, according to data from CoinGecko.
The cryptocurrency’s rise has been fueled by increased acceptance from institutional investors and a weakening U.S. dollar, prompting traders to seek investments outside of the United States amidst President Trump’s fluctuating tariff policies.
Ether (ETH) also experienced gains, rising 3% over the past day to trade at $4,675, only 5.3% below its all-time high of over $4,900, reached in late August.
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