#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Top crypto stocks that increased and decreased significantly: MARA, RIOT, HOOD
Bitcoin (BTC) is once again regaining bullish momentum after a slight fall to the level of 100,000 dollars from the recent peak of 111,000 dollars.
Current Momentum of Bitcoin
On June 9th, the leading cryptocurrency recovered from 105,000 dollars to 107,000 dollars. As of the time of writing, it is trading at 109,658 dollars, marking a 0.11% increase in the past 24 hours. The new bullish trend has created a spillover effect on the stocks linked to cryptocurrencies in the United States.
Four crypto mining companies in this country, along with some top digital asset companies, ended June 10 with a modest bullish and continued positive developments in after-hours trading.
Impact on cryptocurrency stocks
Leading the bullish trend from the latest listing on the Nasdaq is Circle Internet Group (CRCL) — a prominent stablecoin issuer — with a 7% increase during the main trading session and continuing to climb an additional 2.2% after hours, reaching a price of 117.79 dollars.
Not only CRCL, but crypto mining companies also witnessed a bright day. Core Scientific Inc. (CORZ) rose 4.27% during the main session and added another 0.87% after hours. Competitors such as CleanSpark Inc. (CLSK) and MARA Holdings Inc. (MARA) both recorded increases of over 3%, along with an additional rise of about 1% after the market closed.
Riot Platforms Inc. (RIOT) is also part of the bullish wave, increasing 2.74% during regular trading hours and an additional 1.2% after hours.
In line with the trend, Strategy Inc. (MSTR) – a leading Bitcoin accumulation company – increased by 4.71% before continuing to rise by more than 1% in late trading, closing at $396.61.
Not all stocks achieve bullish momentum
In contrast to this widespread positive growth trend, the cryptocurrency and stock trading platform Robinhood Markets Inc. (HOOD) has faced a downturn, falling nearly 2% to $73.4. However, it currently seems to be shifting from a decline to an increase.
The decline occurred after the decision of S&P Dow Jones Indices on June 6 to maintain the current components of the S&P 500, disappointing market expectations that Robinhood would be included in the quarterly rebalancing process of the index. For those who are not aware, this move is usually associated with a bullish increase in the stock prices of companies newly added.
With the continuous interest and positive performance across many cryptocurrency-related businesses, the trend of companies integrating Bitcoin into their financial strategies seems to be attracting more attention.
What else?
Join this growing confidence, the Bitcoin mining equipment rental company BitMine Immersion Technologies, Inc. (BMNR) has recently completed the purchase of its first 100 BTC.
The strategic purchase decision aimed at reserves took place immediately after the successful share offering on June 4 to raise 18 million dollars, highlighting a clear commitment to Bitcoin as a valuable asset.
This move by BMNR, along with the bullish activity of the market in general, indicates that more and more companies regard Bitcoin as a viable component in their treasury management operations in the developing digital economy.
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