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US Stocks: Cryptocurrency-themed Stocks Soar on Monday, 'HYPE Edition MicroStrategy' SONN Surges 86.46%
BlockBeats News, July 15th, the U.S. stock market closed up on Monday, with the Dow rising 0.2%, the Nasdaq up 0.27%, and the S&P 500 up 0.14%. U.S. stock crypto concept stocks rose across the board, including:
「HYPE Edition MicroStrategy」 Sonnet BioTherapeutics Holding (SONN) surged 86.46%, with a trading volume of $631 million. Yesterday, Sonnet announced that it would merge to form the company Hyperliquid Strategies and initiate a treasury strategy, holding 12.6 million HYPE tokens and $300 million in cash;
SharpLink Gaming (SBET) rose by 10.3%, with a trading volume of $1.39 billion. Five hours ago, it continued to acquire 24,371 ETH, accumulating a total of 294,000 ETH;
BIT Mining Ltd (BTCM) rose by 10%, with a trading volume of $117 million. It previously announced that it would convert its cryptocurrency holdings to SOL and raise $200 million to $300 million for a Solana strategy;
Sequans Communications (SQNS) surged 24.89%. The stock had already surged over 210% last week, with a trading volume of $62.72 million on Monday. SQNS announced yesterday that it had acquired 683 BTC, with an average price of $113,893 per BTC, holding a total of 1,053 BTC;
Upexi Inc (UPXI) rose by 10.58%, with a trading volume of $514 million. Previously, Upexi announced the completion of a $200 million financing to increase its SOL holdings;
Other notable performers in the crypto concept stock sector: SRM Entertainment rose by 11.57%; MicroStrategy rose by 3.78%; Circle soared by 9.27%.
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