Crypto Proxy Stocks Soar as Bitcoin and Ethereum Prices Increase

Strive and Bitmine Immersion Technologies, two publicly traded companies that hold significant amounts of Bitcoin and Ethereum on their balance sheets, have seen their stocks surge in recent trading. Strive's stock has risen by 12%, while Bitmine's has jumped by 5%.

The increase in the value of these cryptocurrencies has led to a boost in the companies' stock prices, with Strive's stock rising due to its significant holdings of Bitcoin and Bitmine's stock increasing due to its large Ethereum treasury. The companies' fortunes are closely tied to the performance of these digital assets.

Strive has reported strong financial results, including a Q4 2025 Bitcoin Yield of 22%, and is pursuing a pending acquisition that would add more Bitcoins to its treasury. Bitmine's long-term ambition is to acquire 5% of all Ethereum, making it one of the most concentrated single-asset treasury plays in the public markets.