Bitcoin treasuries stocks surge as cryptocurrency hits all-time high

Bitcoin treasuries stocks are surging as cryptocurrency hits another all-time high. Companies like MicroStrategy and Tesla are seeing a rise in their stock prices due to their Bitcoin holdings. MicroStrategy has gained 11% in the past week, while Tesla shares have risen by 8%.

Bitcoin has hit another all-time high, reaching $61,742. With this surge, the total market value of all cryptocurrencies has now surpassed $2 trillion. This milestone comes as more institutional investors are starting to embrace Bitcoin as a store of value and hedge against inflation.

Other companies with significant Bitcoin holdings, such as Square and Marathon Digital Holdings, are also seeing a positive impact on their stock prices. Square’s stock has increased by 5% in the past week, while Marathon Digital Holdings has gained 2%. This trend reflects growing confidence in Bitcoin as an asset class.

As Bitcoin continues to make headlines with its record-breaking performance, more companies are considering adding the cryptocurrency to their balance sheets. This has led to increased interest in Bitcoin treasuries stocks, as investors seek exposure to the digital asset through publicly traded companies. With Bitcoin’s market value surpassing $1 trillion, the cryptocurrency is becoming a mainstream investment option.

Read more at Google: Small Cap Movers: Bitcoin treasuries stocks surge as cryptocurrency hits another all-time high – MSN