Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editorBitcoin rally sends crypto stocks soaring as miners, treasury companies jump
MarketsPublishedAug 21, 2026
Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged.
Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite.
Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursday’s session.
Strive, which holds more than 20,000 Bitcoin (BTC) on its balance sheet, jumped more than 16% on Friday. Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy by acquiring Nasdaq-listed Super League Enterprise, also gained more than 16%.
Shares of crypto exchange Coinbase and brokerage platform Robinhood posted double-digit percentage gains, underscoring how BTC’s recovery spilled over into publicly traded companies with direct exposure to digital assets.
Crypto-related stocks were rallying as Bitcoin extended its weekly gain to more than 23% on Friday, briefly topping $79,000, according to CoinMarketCap data. Ether (ETH) gained nearly 30% over the same period, climbing above $2,400.
Related: Crypto Biz: Treasury’s ‘Not-QE’ playbook sends Bitcoin higher
Trump adds regulatory tailwinds to crypto rally
Digital asset markets also drew support from comments by US President Donald Trump on Thursday, when he renewed calls for Congress to advance the CLARITY Act. The legislation remains stalled after lawmakers failed to move it forward before the August recess.
The bill is viewed as a potentially significant step toward establishing a clearer regulatory framework for digital assets in the United States, including defining the respective oversight roles of the Commodity Futures Trading Commission and Securities and Exchange Commission.
Trump also revived the prospect of the US government acquiring Bitcoin at a “sizable” scale following meetings with crypto industry leaders this week.
Related: Bitcoin ETFs draw $517M in largest one-day inflow since early May
Subscribe to daily byte-sized crypto news from Cointelegraph
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
More on the subject
