Crypto stocks rise after bitcoin's strong performance

Bakkt

20/11/2024 14:06

(Updates)
    ** Cryptocurrency and blockchain-related companies' shares
rise premarket
    ** Bitcoin  BTC=  reaches record high above $94,000 after
the Financial Times reported that Trump Media and Technology
Group  DJT.O  is close to an all-stock acquisition of crypto
trading firm Bakkt  BKKT.N   
    ** Bitcoin up 2.56% at $94,605.59
    ** Exchange operator Coinbase Global  COIN.O  up 2.4%;
miners Riot Platforms  RIOT.O  and MARA Holdings  MARA.O  gain
3.1% and 4.8% respectively
    ** Bitcoin miner Bit Digital  BTBT.O  up 3.4%
    ** MicroStrategy  MSTR.O , a major crypto investor, rises
7.6% 
    ** MSTR announces pricing of its offering of $2.6 billion 0%
convertible senior notes due 2029; intends to use net proceeds
to acquire additional bitcoins
        ** Co 
    on Monday
     said it bought additional bitcoins for nearly $4.6 bln
between Nov. 11 and Nov. 17
  
    ** iShares Bitcoin Trust  IBIT.O  advances 2.2% and
ProShares Bitcoin Strategy ETF  BITO.P  up 2.3%
    ** Cryptocurrency-linked firms have soared since the Nov. 5
U.S. election, driven by hopes of President-elect Donald Trump's
 support for digital assets

 (Reporting by Ragini Mathur and Nikhil Sharma in Bengaluru)
 ((Ragini.Mathur@thomsonreuters.com;))