Most crypto stocks set to end July in red despite bitcoin surge

Sos

30/07/2021 15:06

** Most crypto stocks inch lower as bitcoin extends decline
for second day after rising above $40,000 earlier this week
    ** Bitcoin  BTC=BTSP  down close to 3% at $38,893, still on
course to end July almost 11% higher on the back of positive
comments by high-profile investors
    ** However, most crypto-related stocks set to end month
lower: Crypto miners Riot Blockchain  RIOT.O  and Marathon
Patent Group  MARA.O , while edging up on the day, have shed
11%-13% in July  
    ** Crypto-exchange Coinbase Global  COIN.O  off 0.5%,
MicroStrategy  MSTR.O  - a major bitcoin buyer - down 0.8%, also
set for monthly losses of almost 7-8% 
    ** MSTR reported better-than-expected Q2 rev and says it
plans to deploy additional capital into its digital asset
strategy  urn:newsml:reuters.com:*:nBw4fxVD1a
    ** Says latest capital raise allowed co to expand its
digital holdings, which now exceed 105,000 bitcoins
    ** Online retailer Overstock.com  OSTK.O  down 1%, down
almost 22% on the month  

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))