Bitcoin and US Crypto Stocks Rally as Public Companies Boost BTC Reserves, Indicating Growing Institutional Adoption and Positive Market Outlook
Bitcoin surged 4% to $110,150, driven by a wave of US public companies and crypto miners announcing plans to expand their Bitcoin reserves. This institutional adoption propelled major crypto-related equities—including Circle, Core Scientific, CleanSpark, MARA, and Riot Platforms—to post gains of 2-7% on June 10, with many stocks extending their rally in after-hours trading. MicroStrategy, a leading corporate Bitcoin holder, advanced 4.7%. Market sentiment was further supported by easing US-China trade tensions. BitMine Immersion Technologies made its first 100 BTC purchase after a fundraising round, while KULR Technology Group increased its holdings to 920 BTC at an average price of $98,760 per coin. Meanwhile, crypto trading platform stocks like Coinbase and eToro also climbed, reflecting growing investor confidence in established exchanges. In contrast, Robinhood declined nearly 2% after missing out on S&P 500 inclusion. The ongoing trend of corporate treasury allocation into Bitcoin, coupled with a more stable geopolitical backdrop, is signaling institutional confidence in Bitcoin and supporting both its price and related equities, creating a bullish outlook for crypto market participants.
Bullish
The wave of US public companies and major crypto miners increasing their Bitcoin reserves demonstrates growing institutional adoption and confidence in Bitcoin as a treasury asset. This supports both BTC’s price and the stock prices of related firms. Coupled with easing geopolitical risks, these developments foster a positive sentiment and suggest a bullish trajectory for Bitcoin. The rising trend of corporate treasury allocation, consistently associated with price appreciation in previous cycles, is likely to drive continued demand, making the outlook favorable for both short-term trading and longer-term market stability.