Crypto firms rise after bitcoin hits record high
ReutersMay 22, 2025 10:27 AM
Shares of cryptocurrency and blockchain-related companies gain premarket as bitcoin touches record high
Bitcoin BTC=, the world's largest cryptocurrency, trades over levels of $1,11,000 for the first time and was last up nearly 1%; ether ETH= up 4.5%
Cryptocurrency exchange Coinbase Global COIN.O rises 2.8%; miners Riot Platforms RIOT.O, MARA Holdings MARA.O gain 3.3% and 4.6%, respectively, while U.S.-listed shares of Hut 8 HUT.O up 3.7%
Bitcoin miner CleanSpark CLSK.O jumps 5%, while bitcoin bull Strategy MSTR.O gains 1.7%
iShares Bitcoin Trust IBIT.O rises 1.9% and ProShares Bitcoin Strategy ETF BITO.P advances 2%
Bitcoin has gained more than 18% so far in 2025
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