In pre-market trading, Bitcoin-related equities and technology stock futures, including Invesco’s QQQ, are showing positive momentum as Bitcoin breaks above $92,000, peaking near $93,000 during the Asian morning session on Monday. Notably, MicroStrategy (MSTR) sees a significant rise of 3.5%, reaching $163 per share, with expectations of announcing another Bitcoin acquisition later today.
In the context of perpetual preferred equity, STRC is approaching par value at $100, buoyed by the company’s decision to raise its dividend rate to 11%. Strive (ASST), another player in the Bitcoin treasury space, has surged 12%, nearing the $1 mark.
AI-related miners are also capitalizing on the upward trends, as Cipher Mining (CIFR) and IREN (IREN) each gain over 2% after experiencing substantial rallies of 10% and 13%, respectively, on Friday. Their current share prices stand at $17 and $44. In a similar vein, Hive Digital (HIVE) has gained 6%, now pricing at $3 per share, while Marathon Holdings (MARA) is up 3.5%, surpassing $10 per share. Fellow miners Riot Platforms (RIOT) and CleanSpark (CLSK) are also enjoying gains of around 3%.
On a broader commodities front, metals are continuing their rally, spurred by developments in Venezuela and the U.S. Gold and silver prices have increased by 2% and 4%, respectively. Concurrently, the DXY index is slightly higher, drawing closer to the 99 level.
