Financial Insights That Matter
Bitcoin BTC/USD mining stocks are surging Monday morning alongside the price of Bitcoin and other popular cryptocurrencies after U.S. President Donald Trump announced a strategic crypto reserve.
What Happened: On Sunday, Trump announced plans to create a strategic crypto reserve that would include Bitcoin, Ethereum ETH/USD and other popular cryptos like XRP, Solana and Cardano.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World,” Trump said in a post on Truth Social.
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!”
The crypto market surged following the announcement. Bitcoin climbed more than 10% off three month-lows reached on Friday and several crypto-related stocks are moving higher Monday morning.
Check This Out: Eric Trump Says Timing Of Strategic Bitcoin, XRP, Cardano Reserve Announcement Was A ‘Win’ For Retail Investors
Bitcoin mining stocks including MARA Holdings Inc MARA, CleanSpark Inc CLSK and Riot Platforms Inc RIOT are surging. The miners report operating metrics on a monthly basis and are due to provide updates for February in the coming days.
In January, MARA Holdings mined 750 bitcoin, down about 13% from 865 Bitcoin mined in December. The company held a total of 45,659 bitcoin as of the end of the month.
CleanSpark mined 626 bitcoin in January, down from 668 bitcoin mined in December. The company held 10,556 total bitcoin as of Jan. 31.
Riot mined 527 bitcoin in January, up 2% month-over-month from the 516 mined in December. Riot held a total of 18,221 bitcoin as of the end of January.
MARA, CLSK, RIOT Price Action: At publication time, MARA Holdings shares were up 12.3% at $15.62, CleanSpark shares were up 12.6% at $9.01 and Riot shares were up 11.5% at $10.34, according to Benzinga Pro.
Read Next:
Photo: Shutterstock.
Don’t miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on India Telegram Channel for gasoline.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.