Finance

Bitcoin’s $126,000 Surge: Which Crypto Stocks Soared and Why?

Bitcoin‘s record high spurred gains in crypto mining firms; Argo Blockchain up 96%. Treasury firms saw mixed results.

byAndres Castro

October 7, 2025, 1:20 PM

Bitcoin coins are displayed in front of a market chart.

As the price of Bitcoin fluctuates, investors watch the market trends with bated breath. By MDL.

Executive Summary

Bitcoin’s surge to a new all-time high above $126,000 sparked significant double-digit percentage rallies in global cryptocurrency mining companies.

Performance among Bitcoin treasury companies was mixed, with some seeing gains and others declines, while certain altcoin treasury companies outperformed.

Bitcoin’s rally is attributed to increased institutional investor interest, a weakening U.S. dollar, and President Donald Trump’s tariff policies, highlighting its growing influence on traditional financial markets.

The Story So Far

Bitcoin’s recent surge to an all-time high is primarily driven by increased interest from institutional investors and a weakening U.S. dollar, which encourages traders to shift towards non-American investments amidst President Donald Trump’s on-and-off-again tariff policies, thereby highlighting Bitcoin’s growing integration with traditional financial markets and directly impacting the valuations of companies deeply invested in the crypto ecosystem.

Why This Matters

Bitcoin’s surge to a new all-time high underscores its increasing integration with traditional financial markets, directly impacting the valuations of publicly traded crypto mining companies and some treasury firms, which saw significant stock rallies. This trend indicates Bitcoin’s growing influence as a critical asset, whose price movements are now a key driver for a segment of the stock market, further legitimizing its role in the broader financial landscape, partly fueled by institutional interest and macroeconomic factors like a weakening U.S. dollar influenced by President Trump’s tariff policies.

Who Thinks What?

Crypto mining companies, including Argo Blockchain, HIVE Digital Technologies, Bitfarms, IREN, Riot Platforms, and MARA Holdings, experienced significant double-digit percentage gains in their share prices following Bitcoin’s surge to a new all-time high.

Companies holding Bitcoin in their treasuries, such as DDC Enterprise and Strategy, showed mixed results with some gains, while others like GD Culture Group, Strive, and Kindly MD saw declines, despite Bitcoin’s rally.

Certain altcoin treasury companies, including CEA Industries (BNB), Forward Industries (Solana), and Eightco Holdings (Worldcoin), also saw substantial share price jumps, outperforming some Bitcoin treasury firms.

Bitcoin’s surge to a new all-time high above $126,000 on Monday triggered significant rallies in the share prices of cryptocurrency mining companies and some crypto treasury firms globally. Many of these companies experienced double-digit percentage gains, reflecting Bitcoin’s increasing integration with traditional financial markets.

Crypto Mining Sector Boosted

Crypto mining companies were among the biggest beneficiaries of Bitcoin’s rally. Argo Blockchain led global gains, skyrocketing over 96% on the London Stock Exchange to 5.3 British pence ($0.07).

U.S. rivals also saw substantial increases. HIVE Digital Technologies (HIVE) gained more than 25% during the trading day, with momentum continuing after hours with an additional 11% gain. Bitfarms (BITF) and IREN (IREN) also posted gains of around 15% each, both continuing to rise after the market closed.

Major Bitcoin miners Riot Platforms (RIOT) and MARA Holdings (MARA) also saw significant jumps, gaining 10.9% and 9.3%, respectively.

Bitcoin Treasury Shares Show Varied Results

Performance among companies that buy and hold Bitcoin for their treasuries was more mixed. New York-listed Hong Kong-based Bitcoin treasury company DDC Enterprise (DDC) led this segment with gains of 22%.

Major BTC buyer Strategy (MSTR) closed up 2.3%. However, other significant Bitcoin treasuries, GD Culture Group (GDC) and Strive (ASST), ended the session down 4.2% and 2.7%, respectively. Kindly MD also saw a decline of 8.8%, while Semler Scientific (SMLR) gained only 0.62%.

In contrast, some altcoin treasury companies outperformed. CEA Industries (BNC), a BNB treasury company, jumped 15.6%, and Forward Industries (FORD), which buys Solana, closed up 12.8%.

Worldcoin (WLD) buying firm Eightco Holdings (ORBS) rallied over 34% to close trading at $11. Despite this, it remains down from its 2025 peak of $45, which was reached after it announced plans to amass the token.

Bitcoin’s Ascent and Market Context

Bitcoin’s rally to a new all-time high of $126,080 on Monday comes amid a wider market upswing. The cryptocurrency has seen increased interest from institutional investors, contributing to its price appreciation.

Additionally, a weakening U.S. dollar has played a role, as traders reportedly move into non-American investments due to President Donald Trump’s on-and-off-again tariff policies. Ether (ETH) also saw a 3% gain over the last day, trading at $4,675, approaching its late August all-time high.

Market Impact

The market’s reaction highlights Bitcoin’s growing influence on traditional finance, as its price movements directly impact the valuations of companies deeply invested in the crypto ecosystem, from mining operations to treasury holdings.