Bitcoin-related stocks and technology stock futures such as Invesco’s QQQ are rising in pre-market trading, as is Bitcoin. It topped $92,000 and at one point reached $93,000 on Monday morning in Asia.
Strategy (MSTR) rose 3.5% to $163 per share and is expected to announce further Bitcoin purchases later on Monday. STRC, a perpetual preferred stock, is approaching its $100 par value after the company raised its dividend to 11%. Meanwhile, another Bitcoin treasury firm, Strive (ASST), is up 12% and approaching the $1 level.
AI-related miners are also increasing their profits. Cipher Mining (CIFR) and IREN (IREN) are both up more than 2% after rising as much as 10% and 13% on Friday, pushing their shares to $17 and $44, respectively. Hive Digital (HIVE) rose 6% to $3 per share.
MARA Holdings (MARA) is up 3.5% to over $10 per share, while fellow Bitcoin miners Riot Platforms (RIOT) and CleanSpark (CLSK) are up about 3% each.
Meanwhile, metals continued to rise on developments related to Venezuela and the US, with gold and silver rising 2% and 4% respectively. The DXY index is also up slightly, approaching 99.
