Stock Gains Led by Galaxy, Circle, Bitfarms Even as Metaplanet, Nakamoto Sink

Galaxy, Circle, Bitfarms Jump While Metaplanet, Nakamoto Slip

Crypto-related stocks saw strong gains Thursday, even as bitcoin traded relatively sideways above $114,000.

Galaxy Digital (GLXY) led the rally with a 12% gain, driven in part by its role as a lead investor in Forward Industries’ $1.65 billion Solana treasury vehicle fundraising. Rising interest in data center infrastructure, fueled by major AI hosting contracts like Microsoft’s Nebius deal, may also be supporting the stock.

Bitfarms (BITF) surged 18%, extending weekly gains past 60% as the miner expands into high-performance computing and added former AWS executive Wayne Duso to its board. Circle Internet (CRCL) climbed 16%, snapping a months-long downtrend despite no new catalyst.

Other crypto-linked names including Coinbase (COIN), Robinhood (HOOD), Marathon Digital (MARA), and Riot Platforms (RIOT) also rose, outperforming the broader S&P 500 (+0.82%) and Nasdaq 100 (+0.69%).

Meanwhile, bitcoin treasury vehicles Metaplanet (3355) and Nakamoto (NAKA) fell 10% and 14% respectively, while MicroStrategy (MSTR) remained flat, even as bitcoin rebounded toward $115,000 from early weakness on CPI and jobless claims data.