On Monday, crypto-related stocks saw a strong uptick while broader markets struggled. Shares of Strategy, BitMine Immersion Technologies, and SharpLink Gaming rose notably as Bitcoin climbed toward $65,000, fueled by a clear move of capital from AI infrastructure stocks into cryptocurrency proxies.
Market Movements and Key Numbers
Strategy's stock increased about 3% to $94.43. BitMine jumped nearly 7% to $17, and SharpLink gained approximately 5%, reaching $6.07. This pattern of rotating funds between AI-themed equities and crypto stocks has recurred multiple times in 2026, reflecting shifting investor priorities.
Bitcoin miners are increasingly expanding into AI data center contracts to diversify income. For instance, Hut 8 recently announced a massive 15-year, $9.8 billion lease for its Beacon Point AI data center in Texas. Similarly, IREN revealed over $2.8 billion in long-term AI cloud contracts and raised its 2026 AI Cloud revenue forecast to above $4 billion.
Investor Sentiment and Corporate Holdings
Strategy holds 843,775 BTC at an average cost near $75,476 per coin and retains $3.75 billion in cash. Though Bitcoin's price around $65,000 leaves this treasury underwater on average, the company’s position influences market perception. BitMine owns more than 3.73 million ETH, and SharpLink controls 872,984 ETH, linking their valuations closely to Ethereum’s fluctuations.
The broader crypto sector also benefits. Companies like Coinbase, MARA Holdings, CleanSpark, and Cipher Digital have tracked similar rallies, illustrating the ongoing theme of AI-crypto capital rotation.
The cooling of AI enthusiasm seems to channel funds toward crypto stocks, partly because these companies offer diversified revenue streams by combining mining with AI data center operations. Unlike pure cryptocurrency exposure, their business models include tangible contracts that provide revenue stability regardless of Bitcoin’s price swings.
On the regulatory front, crypto equities trade openly on regulated exchanges, making them more accessible for institutional investors with compliance considerations compared to direct crypto assets.
