From Nasdaq: 2024-04-05 10:19:00

The cryptocurrency market, especially Bitcoin, is on an uptrend due to U.S. regulatory changes. The U.K.’s FCA is also considering trading Bitcoin-related exchange-traded notes. The market rally is fueled by the SEC’s approval of 11 spot Bitcoin ETFs, opening the door for institutional investment.

MicroStrategy (MSTR) has invested billions in Bitcoin, recently raising $782 million through debt to buy more cryptocurrency. This move has increased MSTR’s Bitcoin holdings to over 214,245, valued at $15 billion. As Bitcoin climbs, MSTR stock follows suit, with a 180% rise this year.

Riot Platforms (RIOT) is a leading crypto mining company with JPMorgan upgrading its rating to Overweight. Riot aims to increase its hash rate significantly, expecting growth to 31.5 EH/s by year-end. With $600 million in cash and strong Bitcoin holdings, Riot is set for improved mining efficiency.

Marathon Digital (MARA) is another leading crypto mining firm experiencing a surge in stock price. It reported a net income of $151.8 million in the latest quarter, a stark turnaround from previous losses. Marathon has expanded its Bitcoin mining operations, producing 12,852 Bitcoin in 2023, a 253% increase from the previous year.

Read more at Nasdaq: 3 Crypto-Related Stocks Set to Soar as Bitcoin Hits New Highs