Crypto Stocks Gain as Bitcoin Trades Near Its All-Time High
Bitcoin traded around its record high, helping shares of crypto-related firms move higher.
The largest cryptocurrency got a lift last week when President Trump signed an executive order calling for workers to be able to invest in crypto in their 401(k) retirement plans.
Shares of Strategy, which is the biggest corporate holder of Bitcoin, and crypto trading platform Coinbase Global, got a boost this morning.Crypto is on the rise to start the week.
Shares of Strategy (MSTR), the largest corporate holder of bitcoin, trading platforms Coinbase (COIN) and Robinhood Markets (HOOD), and other firms connected to the cryptocurrency market advanced Monday as the price of Bitcoin hovered near its all-time high above $123,000.
Bitcoin, the biggest digital coin, recently traded above $120,000, rising nearly 30% this year. It got a boost last week when President Donald Trump signed an executive order that would open the door for workers to invest in crypto and other alternative assets in their 401(k) retirement accounts.
Strategy, formerly known as MicroStrategy, was recently up nearly 3% in premarket trading. Coinbase was more than 3% higher, while Robinhood was almost 2% higher. Ether traded near $4,200.
Trump wrote that the order was designed to 'relieve the regulatory burdens and litigation risk that impede" access to those investments. He called on the Labor Department and Securities and Exchange Commission to assist employers in finding ways to make them available in their sponsored retirement plans.
As of the close of trading Friday, Microstrategy shares added about a third of their value year-to-date, while shares of Coinbase Global grew 21%. Robinhood Markets shares have skyrocketed in 2025, and are at record highs.
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