Bitcoin Hits 79K: Canaan, Strive, Metaplanet Soar in Stock Rally

Bitcoin’s surge past $79,000 triggered a sharp rally in crypto‑related stocks, pushing Canaan beyond 25 % and spurring gains across the sector.

Canaan and Strive’s Record Gains

■Canaan climbed more than 25 %, leading the crypto‑stocks surge.

■MARA Holdings edged higher by nearly 16 % during Thursday.

■Strive, holding >20,000 BTC on its balance sheet, jumped over 16 %.

■Metaplanet (Japan‑listed) expanded its BTC treasury strategy with the acquisition of Nasdaq‑listed Super League Enterprise, gaining over 16 %.

Crypto‑Borne Market Momentum and Risk Appetite

■Coinbase and Robinhood posted double‑digit gains, reflecting BTC’s spill‑over into publicly traded firms.

■ETH rose nearly 30 %, topping $2,400.

■The U.S. Treasury’s decision to double long‑dated bond buybacks injected liquidity and buoyed risk appetite.

Policy Pulse and Regulatory Heat

■Donald Trump renewed calls for the CLARITY Act, hinting at clearer regulatory frameworks for digital assets.

■Discussions about a large‑scale U.S. Bitcoin acquisition added to the narrative.

■These policy cues amplified confidence and supported the market’s upward trajectory.

Investor Takeaway

■BTC’s >23 % weekly gain spurred a surge in risk‑taking.

■The performance of crypto‑exposed firms reinforced market confidence.

■A clearer regulatory environment suggests a solid foundation for future growth.

The rally in crypto stocks following Bitcoin’s breach of $79k signals renewed investor confidence in digital assets. Rapid gains by firms like Canaan, Strive, and Metaplanet underscore the sector’s resilience, while policy moves and Treasury liquidity injections provide a supportive backdrop for sustained expansion.