Crypto stocks rise, Musk leaves door open to using Bitcoin again

Sos

14/06/2021 11:12

** Shares of cryptocurrency and blockchain-related firms
gain premarket; Bitcoin  BTC=BTSP  trades up 0.2% to $39,102.9 
    ** BTC is ~4.7% higher than levels seen on Friday, helped by
Tesla  TSLA.O  CEO Elon Musk's tweets on Sunday that signaled
Tesla may resume transactions using BTC
    ** "When there's confirmation of reasonable (~50%) clean
energy usage by miners with positive future trend, Tesla will
resume allowing Bitcoin transactions," - Musk tweeted     
    ** Tesla, which Musk said sold ~10% of BTC holdings as
liquidity test, edges up 0.6% premarket on Monday
    ** Bitcoin bank Silvergate Capital Corp  SI.N  up 3.3%;
cryptocurrency miner Riot Blockchain  RIOT.O  and Marathon
Digital Holdings  MARA.O  6.9% and 7.6% higher, respectively 
    ** China-based Future Fintech Group Inc  FTFT.O  adds 5.6%,
payments company Square Inc  SQ.N  rises 1.7%
    ** Shares of Overstock.com  OSTK.O , an online retailer and
blockchain tech investor, up 4.1%; MicroStrategy Inc  MSTR.O , a
BTC buyer and business intelligence software firm, up 3.4% 
    ** China-focused SOS  SOS.N  rises 4.2%, while shares of
crypto exchange Coinbase Global  COIN.O  add 2.4%
    ** YTD, BTC has risen 35.3%, 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))