Bitcoin-related equities and technology stock futures, such as Invesco’s QQQ, are rising in pre-market trading as bitcoin has surged past $92,000, momentarily reaching $93,000 during the Asian morning on Monday.
Strategy (MSTR) has risen 3.5% to $163 per share and is likely to announce another bitcoin acquisition later on Monday. STRC, the perpetual preferred equity, is nearing par at $100 following the company’s dividend rate increase to 11%. Additionally, Strive (ASST), another bitcoin treasury firm, is gaining 12%, nearing the $1 mark.
AI-related mining stocks are also seeing gains. Cipher Mining (CIFR) and IREN (IREN) have both advanced over 2% after a rally of up to 10% and 13% on Friday, bringing their share prices to $17 and $44 respectively. Hive Digital (HIVE) has climbed 6% to $3 per share.
MARA Holdings (MARA) has increased 3.5% to over $10 per share, while fellow bitcoin miners Riot Platforms (RIOT) and CleanSpark (CLSK) have each risen around 3%.
Meanwhile, metals are continuing to rally amid developments in Venezuela and the U.S., with gold and silver up 2% and 4% respectively. The DXY index is also slightly up, approaching 99.
