The recent all-time high of Bitcoin has significantly boosted the shares of Bitcoin miners and several crypto treasury firms on Monday, most of which ended the trading day with impressive double-digit gains.
Argo Blockchain emerged as the top performer among global crypto miners on Monday, soaring over 96% on the London Stock Exchange to reach 5.3 British pence ($0.07), with many US counterparts also seeing gains exceeding 20%.
Crypto treasury firms also experienced a surge, with Worldcoin (WLD) affiliate, Eightco Holdings (ORBS), advancing more than 34% to close at $11, although it remains below its 2025 peak of $45, reached post-announcement of plans to accumulate the token.
The rise in Bitcoin (BTC) and related companies coincides with a broader market rally, as the cryptocurrency’s correlation with traditional finance grows, evidenced by the tech-heavy S&P 500 gaining 0.36% on Tuesday.
Boost for the Crypto Mining Sector
US crypto mining firms saw a significant upswing due to Bitcoin’s rise. HIVE Digital Technologies (HIVE) experienced over a 25% increase during the trading day, and this momentum continued after-hours with an additional 11% gain to $6.18.
Competitors Bitfarms (BITF) and IREN (IREN) also registered gains of about 15%, closing at $3.46 and $57.75, respectively, with both continuing to rise after hours.
In addition, major Bitcoin miner Riot Platforms (RIOT) increased by 10.9% to $21.56, while MARA Holdings (MARA) rose by 9.3% to $20.57.
Mixed Results for Bitcoin Treasury Shares
Bitcoin buying firms experienced varied outcomes on Monday, with the New York-listed DDC Enterprise (DDC), based in Hong Kong, leading the day with a 22% increase.
Shares in prominent BTC-buyer Strategy (MSTR) ended up 2.3%, while significant Bitcoin treasury companies GD Culture Group (GDC) and Strive (ASST) saw declines of 4.2% and 2.7%, respectively.
Other major Bitcoin holding firms also closed the day with losses or flat performance, with Kindly MD ending down 8.8% at $1.03, while Semler Scientific (SMLR) gained just 0.62%.
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In contrast, altcoin treasury firms excelled, such as the BNB (BNB) treasury company CEA Industries (BNC), which surged by 15.6% to $9.40, and the Solana (SOL) purchasing firm Forward Industries (FORD), which rose by 12.8% to $25.43.
Bitcoin Breaks New High Above $126,000
The price gains coincide with Bitcoin reaching a new all-time high of $126,080 on Monday, according to CoinGecko.
The cryptocurrency’s rise is attributed to increasing confidence among institutional investors and a weakening US dollar as traders seek alternatives amid President Donald Trump’s fluctuating tariffs.
Ether (ETH) also rose by 3% over the past day, trading at $4,675, just 5.3% below its late August all-time high of over $4,900.
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