By Mackenzie Tatananni
Strategy stock rallied Monday ahead of the company's weekly Bitcoin purchase disclosure. It wasn't the only cryptocurrency-linked stock getting a boost.
Shares of Strategy, Coinbase Global, and Robinhood Markets followed the price of Bitcoin higher as the world's largest crypto by market capitalization topped $65,000 for the first time since early June.
Bitcoin has fallen sharply from the highs it reached in late 2025, most recently driven by macroeconomic headwinds and shifting investor sentiment. But it was bouncing back alongside a broader return of risk appetite after the U.S. and Iran struck an interim peace deal on Sunday. The pact is expect to launch a 60-day period of negotiations over Iran's nuclear program.
Bitcoin rose 3.8% over the past 24 hours to $66,168, according to CoinDesk data. That upward momentum spilled directly into crypto proxies.
Strategy posted the most appreciable gains in premarket trading, rising 6.2%. The software company-turned-leveraged investment vehicle is the largest corporate holder of Bitcoin, and though Strategy is known for buying the crypto nearly every week, it rattled investors by selling for the first time since 2022 at the start of June.
Coinbase and Robinhood shares added 5.2% and 4.5% on Monday, respectively. All three stocks often trade in tandem with Bitcoin: Coinbase is a dedicated crypto exchange, while digital assets drive a significant portion of Robinhood's total transaction-based revenue.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
June 15, 2026 07:53 ET (11:53 GMT)
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