Bitcoin Price Soars, Driving BTC-Related Stocks to New Highs
The recent surge in Bitcoin's price has led to new multiweek highs for BTC-related stocks, including Coinbase and MicroStrategy. Bitcoin mining stocks, such as Riot Blockchain and Marathon Digital Holdings, also saw significant gains. These stocks not only outperformed Bitcoin in the recent rally but also in terms of year-to-date gains. MicroStrategy, which holds the most Bitcoin among public companies, saw its BTC investment reach nearly $1 billion in unrealized gains.