Bitcoin Peaks, Leaving Crypto Stocks Uneven: Strategy, Galaxy Climb as Coinbase Declines

Bitcoin Approaches Record High as Crypto Stocks Deliver Mixed Results

11/7/2025

Bitcoin continued its upward march on Thursday, edging closer to all-time highs and injecting volatility into crypto-related stocks, which ended the session with mixed performances.

The world’s largest cryptocurrency gained over 4% during the day, recently trading around $117,700—a 5.78% jump in the past 24 hours—as it aimed for the $118,000 milestone.

Stocks Benefiting From Bitcoin’s Rise

Among the notable gainers, Strategy (MSTR), the largest public holder of bitcoin, advanced 3.2%. Galaxy Digital (GLXY), which focuses on institutional crypto trading and investment services, climbed 4%.

In international markets, Japan’s Metplanet (3350) rose 2.9%, and France’s The Blockchain Group (ALTBG) surged 9.3%, both reflecting investor enthusiasm for companies accumulating bitcoin on their balance sheets.

Bitcoin miners also enjoyed gains as higher prices boost the value of their production. MARA Holdings (MARA) increased 3.2%, Hive Digital (HIVE) rose 2.1%, and Riot Platforms (RIOT) added 1.5%.

Losers Despite Bitcoin’s Strength

Yet not all crypto stocks followed bitcoin’s positive trend. Cipher Mining (CIFR) fell 2.5%, while Bit Digital (BTBT) slipped 1%.

Crypto exchange Coinbase (COIN) dropped 1.6%. Circle Internet (CRCL), the USDC stablecoin issuer, declined 7%. Even so, Circle’s stock remains well above its debut price, trading at $204.80—over six times higher than its $31 IPO price just a month ago.

Cantor Equity Partners (CEP), currently transitioning into a publicly listed bitcoin investment firm under the new name Twenty One Capital, extended its rally, climbing 8.2% after gaining 9% in the prior session.

Key Takeaway: Bitcoin’s approach to record highs has lifted parts of the crypto equity sector, particularly mining firms and companies holding bitcoin on their books. However, not all stocks are benefitting equally, underscoring the diverging fortunes within the crypto market as bitcoin continues to chart new territory.