Crypto stocks rise, fueled by bitcoin's climb
16/08/2021 13:17
** Shares of cryptocurrency and blockchain-related firms
jump premarket as bitcoin BTC=BTSP rises 1% to $47,511.11
** Bitcoin bank Silvergate Capital Corp SI.N up 1.6%
before the bell; cryptocurrency miner Riot Blockchain RIOT.O
2.8% and Marathon Digital Holdings MARA.O 3.3% higher
** China-based Future Fintech Group Inc FTFT.O adds 3.7%,
shares of MicroStrategy Inc MSTR.O , a BTC buyer and business
intelligence software firm, are 2.1% higher
** China-focused SOS SOS.N rises 2.2%, while shares of
crypto exchange Coinbase Global COIN.O add 1.8%
** Bitcoin mining machine makers Ebang International
EBON.O and Canaan Inc CAN.O add 2% and 2.2%, respectively
** YTD, BTC has risen ~64%, broadly lifting the market
values of crypto-related stocks with it
(Reporting by Aaron Saldanha)
((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))