Crypto stocks gain as Bitcoin trades over $100,000

Investing.com -- Crypto stocks gained on Friday as Bitcoin was trading over $100,000 milestone, fueled by strong global demand and optimism following Donald Trump’s election victory.

MicroStrategy surged 7%, benefiting from its strategy of aggressively acquiring Bitcoin through a mix of equity and convertible debt. The company has leveraged its equity premium to outpace share dilution while rapidly expanding its Bitcoin holdings.

Bitcoin’s positive move boost the company’s stock.

Cryptocurrency exchange Coinbase (NASDAQ: COIN) gained 5%, while mining stocks Mara Holdings, Riot Platforms (NASDAQ: RIOT), Hut 8 Mining, and Hive Digital were also trading up.

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