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Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $26K

The shares of crypto exchange Coinbase (COIN) and several crypto-related stocks were rising Friday as the price of bitcoin surpassed $26,000, up 6% over the last 24 hours.

Coinbase shares were up close to 7%, while those of MicroStrategy (MSTR), which holds billions of dollars of bitcoin on its balance sheet, was up 7.7%. Crypto mining stocks were up significantly as well, led by Riot Platforms (RIOT), up 12%, and Hut 8 (HUT) and HIVE Blockchain Technologies (HIVE), which were both up 7%.

In addition, shares of bitcoin miner Marathon Digital (MARA), which reported fourth quarter and full-year earnings after the close on Thursday after a several week delay due to an SEC inquiry related to accounting matters, were up close to 5%.

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