The surge in cryptocurrency stocks is being led by Microstrategy, which has seen a 6.1% increase, followed by Robinhood Markets and Coinbase Global with gains of 4.3% and 3.5% respectively. Mara Holdings and Riot Platforms are also on the rise, with increases of around 6% and 4% as reported by CNBC.
This year, Microstrategy has seen an impressive 542.8% increase in its stock value. Robinhood has also shown strong performance with over a 200% increase, while Coinbase has nearly doubled in value.
The interest in cryptocurrencies has been further fueled by Trump’s victory in the presidential election. The incoming administration has several crypto-friendly figures, with Trump recently nominating crypto advocate Paul Atkins to be the new head of the SEC.
In Sweden, cryptocurrency-related stocks are also on the rise. Coinshares is up by 6.6%, while Safello has seen an impressive 11.5% increase.
So far this year, Coinshares has experienced a growth of over 126% and Safello has seen a near 50% increase in value. This trend reflects the growing interest and optimism surrounding cryptocurrencies in the financial markets. Investors are increasingly turning their attention to digital assets as a new frontier for investment opportunities.