CRCL, COIN, MSTR Stocks Gain Amid Bitcoin’s Rally To Over $80K After Trump’s ‘Project Freedom’

• Bitcoin’s price rose to a three-month high of $80,500 in intraday trade before paring gains to settle at around $79,700.
• Among large-cap cryptocurrency-linked equities, Circle Internet Group, Coinbase Global and Robinhood Markets led gains. 
• Michael Saylor-backed Strategy and peer Strive were also in the green during pre-market trade.

Michael Saylor-backed Strategy (MSTR), Coinbase Global (COIN), Circle Internet Group (CRCL), and other crypto-linked equities rallied in pre-market trade on Monday amid Bitcoin’s rally to over $80,000 after President Donald Trump announced ‘Project Freedom’ in a Truth Social post on Sunday. 

The President wrote that ‘Project Freedom’ would help “free” cargo ships stranded in the Strait of Hormuz that belong to countries that are not involved in the Middle East conflict. He said the operation is slated to start on Monday. 

Bitcoin’s price rose 1.6% in the last 24 hours to around $79,700 after crossing $80,500 for the first time since January. Retail sentiment on Stocktwits around the apex cryptocurrency rose to ‘bullish’ from ‘neutral’ territory over the past day, accompanied by chatter at ‘normal’ levels. 

Bitcoin Rally To $80K Lifts Crypto-Linked Stocks

Bitcoin proxy MSTR’s stock price rose 3.32% in pre-market trade, but retail sentiment remained in ‘neutral’ territory over the past day and chatter stayed at ‘normal’ levels. 

Vivek Ramaswamy-backed Strive (ASST), which follows Saylor’s Bitcoin acquisition playbook, saw retail sentiment trend in ‘bearish’ territory over the past day, with chatter at ‘low’ levels. Meanwhile, ASST’s stock rose nearly 2% in pre-market trade.

Coinbase, Circle, Robinhood Lead Among Large Caps

Circle Internet Group (CRCL) and Coinbase Global (COIN) led gains among the large-cap crypto stocks, followed by Robinhood (HOOD). CRCL’s stock rose as much as 5.5%, while COIN’s stock was up 4.1% and HOOD’s stock rose 3.38%.

On Stocktwits, retail sentiment around all three stocks was varied but chatter showed elevated levels. Sentiment around CRCL trended in ‘bearish’ territory over the past day, but message volumes rose to ‘high’ from ‘normal’ levels. Meanwhile, retail sentimetna round COIN trended in ‘neutral’ territory over the past day, accompanied by ‘high’ levels of chatter. HOOD saw retail sentiment in the ‘exteremely bullish’ zone, alongside ‘extremely high’ levels of chatter. 

Among the smaller-caps, Eric Trump-backed American Bitcoin Corp (ABTC) rose 3.29% in pre-market trade, ahead of its earnings on Wednesday. Hut 8 Corp (HUT), which holds a majority stake in ABTC, is also expected to report earnings on Wednesday. HUT’s stock rose around 2.23% in pre-market trade. ABTC’s stock saw retail sentiment trending in ‘neutral’ territory, while sentiment around HUT was in the ‘bearish’ zone. However, HUT saw higher levels of chatter at ‘normal’ levels, while chatter around ABTC was at ‘low’ levels over the past day. 

Strategy, Core Scientific (CORZ), Block (XYZ), Coinbase, Nakamoto (NAKA), MARA and Holdings (MARA) are also expected to report earnings this week.

Read also: Tether Reports $1.04 Billion In Quarterly Profit As Reserves Hit Record $8.23 Billion Buffer

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