Crypto-related stocks gained on Monday after United States President Donald Trump signed an executive order expanding retirement account investment options. The order, issued last week, permits 401(k) plans to include cryptocurrencies and other alternative assets such as private equity and real estate.
Coinbase shares rose 4.55% at 6:08 am ET to go for $324.68, while Mara Holdings added 4.81% to sell for $16.12, and Bit Digital advanced 4.68% to reach $3.13. A minute later, Galaxy Digital climbed 4.97% to $29.16, Hut 8 gained 4.39% to change hands for $20.31, and Riot Platforms rose 4.15% to $11.54. Meanwhile, at 6:10 am ET, Microstrategy went up 4.19%, trading at $411.68.
Bitcoin previously topped $122,000 on the move.
