• Cryptocurrency stocks such as Coinbase, MicroStrategy, and mining company Riot all rose in pre-market trading on February 9th.
• Bitcoin surpassed $46,000 in the morning during Asian trading hours for the first time in about a month.
• Mining company CleanSpark rose nearly 20%, thanks in part to strong financial results for the third quarter of 2023 announced on the 8th.

Bitcoin (BTC) has expanded its rise and exceeded $46,000 for the first time in about a month, pushing the week’s rise to about 10%. ) Related listed companies also showed healthy growth.

Bitcoin has risen more than 4% in the past 24 hours, while the CoinDesk 20 index, which measures the performance of the overall crypto asset market, is up about 2.6%.

Bitcoin miner CleanSpark rose about 20%, leading related stocks. The company reported on the 8th that its first quarter profit was $25.9 million (approximately 4,425 million yen, at an exchange rate of 1 dollar = 150 yen) (compared to a loss of $29 million, or approximately 4,305 million yen, in the same period last year). .

Riot Platforms and Marathon Digital also rose 7% and 8%, respectively. Mining stocks offer an entry point to gain exposure to Bitcoin even as the halving looms, which will reduce the rewards miners earn for new coins by 50%, investment firm Bernstein said. Says.

Cryptocurrency exchange Coinbase and software company MicroStrategy, which has about 190,000 BTC on its balance sheet, both rose in the 5% range. BlackRock’s Bitcoin Exchange Traded Fund (ETF) was the first Bitcoin spot ETF to reach $2 billion in assets, rising about 2.75%.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Shutterstock
｜Original text: Crypto Stocks Rally Pre-Market as Bitcoin Tops $46K