In brief
- Strategy (MSTR) led crypto-linked equities, up 11.95% to $103.58, while Coinbase (COIN) rose 9.05% to $159.47.
- Circle (CRCL) added 9.44% to $78.50 and BitMine (BMNR) gained 9.68% to $20.05, tracking Bitcoin’s surge toward $70,000 and a market-wide short squeeze.
- Strategy and Coinbase also rank among Wall Street’s most shorted large-cap stocks, meaning today’s pop may be squeezing equity bears too.
Crypto proxies in the stock market are staging their sharpest one-day rally of the summer.
Bitcoin treasury Strategy, which trades as MSTR, led the pack, up 11.95% to $103.58, while Coinbase (COIN) climbed 9.05% to $159.47. Stablecoin issuer Circle (CRCL) rose 9.44% to $78.50 and Ethereum treasury BitMine (BMNR) added 9.68% to $20.05,…
