Bitcoin Rally Above $79,000 Fuels Sharp Gains in Crypto Stocks

Shares of Bitcoin miners and digital asset treasury companies jumped sharply on Friday as Bitcoin’s rally extended past $79,000, part of a broader market surge tied to the US Treasury’s expanded bond buyback program.

Miners and Treasury Firms Lead Gains

Bitcoin miner Canaan led the rally, climbing more than 25%, while MARA Holdings added to Thursday’s nearly 16% gain. Strive, which holds over 20,000 BTC on its balance sheet, rose more than 16%, as did Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy through an acquisition.

Coinbase and Robinhood shares also posted double-digit gains, reflecting how Bitcoin’s recovery is spreading into publicly traded companies tied to digital assets.

Bitcoin and Ether Extend Weekly Gains

Bitcoin’s weekly gain grew to more than 23%, briefly touching $79,000, while Ether climbed nearly 30% over the same period, moving above $2,400.

Political Tailwinds Add Momentum

President Trump renewed calls for Congress to advance the CLARITY Act, legislation seen as key to establishing clearer US crypto regulation. He also reiterated interest in the government acquiring Bitcoin at a significant scale following recent meetings with industry leaders.