Crypto-linked shares climb as bitcoin rises to over one-week high

By Reuters News2 hours ago Updated

** US-listed shares of cryptocurrency and blockchain-related companies rise as bitcoin and ethereum advance

** Bitcoin, the world's biggest cryptocurrency, rises 2.4% to $86,596.7, hitting an over one-week high; ether gains 1.8% at $2746.3

** Crypto exchange Coinbase Global COIN.O jumps 1.5%, while bitcoin bull Strategy MSTR.O gains 3.5%

** Trading platform Robinhood Markets HOOD.O gains 3.4%, while Webull BULL.O adds 4.9%

** Crypto miners also gain ground: Riot Platforms RIOT.O 6%, Mara Holdings MARA.O 7%, Bit Digital BTBT.O 6.8%

** Shares of American Bitcoin ABTC.O, backed by the two eldest sons of President Donald Trump, surge 7.8%; ABTC is a majority-owned subsidiary of Hut 8 HUT.O, which is up 4.8%

** Stablecoin issuer Circle Internet CRCL.N gains 2.3%; BTC mining machine maker Canaan CAN.O jumps 6%

** ProShares Bitcoin Strategy ETF BITO.P adds 2.1%; iShares Bitcoin Trust ETF IBIT.O rises 2.2%

** Ether-linked stocks Bitmine Immersion Technologies and Sharplink Gaming SBET.O up 1.7% and 2.6%, respectively