Strategy, Circle, other crypto-tied stocks advance with bitcoin, ether prices

[Cryptocurrency on Binance trading app, Bitcoin BTC with altcoin digital coin crypto currency, BNB, Ethereum, Dogecoin, Cardano, defi p2p decentralized fintech market]
Chinnapong/iStock Editorial via Getty Images

Shares of companies exposed to crypto climbed in Monday afternoon trading as the price of bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) and other major tokens kicked off the week strongly.

Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) drifted up 1.6% to $114K at 12:15 p.m. ET, staying below $117.5K technical resistance from mid-September and improving from $110K support a day earlier. Ether (ETH-USD [https://seekingalpha.com/symbol/ETH-USD]) edged up 0.4% to $4.16K, Mantle (MANTLE-USD [https://seekingalpha.com/symbol/MANTLE-USD]) +6.9%, Avalanche (AVAX-USD [https://seekingalpha.com/symbol/AVAX-USD]) +2.2%, Binance Coin (BNB-USD [https://seekingalpha.com/symbol/BNB-USD]) +1.9% and Wrapped Bitcoin (WBTC-USD [https://seekingalpha.com/symbol/WBTC-USD]) +1.4%.

Strategy (MSTR [https://seekingalpha.com/symbol/MSTR]), the world's largest corporate holder of bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]), earlier disclosed a modest BTC purchase [https://seekingalpha.com/news/4499878-strategy-purchases-196-bitcoin-for-221m-in-past-week] for the past week, and saw its stock gain 3.3% at press time. Maison Solutions (MSS [https://seekingalpha.com/symbol/MSS]) briefly surged triple-digits after news it will raise [https://seekingalpha.com/news/4499828-maison-solutions-to-raise-up-to-70m-for-worldcoin-treasury-shares-surge-440] up to $70M for a Worldcoin treasury. Also posting [https://seekingalpha.com/news/4499748-bitmines-crypto-and-cash-holdings-total-116b] an increase in its crypto holdings, Bitmine Immersion Technologies (BMNR [https://seekingalpha.com/symbol/BMNR]) gapped up 5%.

Crypto exchanges Coinbase Global (COIN [https://seekingalpha.com/symbol/COIN]) advanced 5.3%, Bullish (BLSH [https://seekingalpha.com/symbol/BLSH]) dipped 1.5%, stablecoin issuer Circle Internet Group (CRCL [https://seekingalpha.com/symbol/CRCL]) +6.7%, blockchain-based lender Figure Technology Solutions (FIGR [https://seekingalpha.com/symbol/FIGR]) -4.6% and crypto miners Riot Platforms (RIOT [https://seekingalpha.com/symbol/RIOT]) +0.2%, MARA Holdings (MARA [https://seekingalpha.com/symbol/MARA]) +10%.

The swings come as Wall Street’s major averages traded mostly higher [https://seekingalpha.com/news/4499875-wall-street-dow-sp500-nasdaq], with investors shifting their attention to U.S. President Donald Trump's upcoming meeting with the top four congressional leaders amid the looming government shutdown.

MORE ON CRYPTO

* Next Major Move In Bitcoin May Be Down (Technical Analysis) [https://seekingalpha.com/article/4826539-next-major-move-in-bitcoin-may-be-down-technical-analysis]
* Bitcoin's Weakness Warns Of Liquidity Trouble For Stocks [https://seekingalpha.com/article/4826230-bitcoin-weakness-warns-of-liquidity-trouble-for-stocks]
* Ethereum Slips Toward $4,040 As Bearish Momentum Builds [https://seekingalpha.com/article/4825984-ethereum-slips-toward-4040-as-bearish-momentum-builds]
* Cryptocurrencies shed $250B in value this week, CoinMarketCap data shows [https://seekingalpha.com/news/4499660-cryptocurrencies-shed-250b-in-value-this-week-coinmarketcap-data-shows]
* Crypto rout deepens as U.S. government shutdown fears mount [https://seekingalpha.com/news/4498696-crypto-rout-deepens-as-us-government-shutdown-fears-mount]