Bitcoin’s advance past $79,000 drove a broad rally in crypto-linked equities on Friday, with miners and digital asset treasury companies recording double-digit gains. Canaan led advancers, climbing more than 25%, while MARA Holdings added nearly 16% a day earlier.
Strive, which holds over 20,000 BTC on its balance sheet, rose more than 16%. Japan-based Metaplanet, which recently expanded its Bitcoin treasury strategy through the acquisition of Nasdaq-listed Super League Enterprise, also gained more than 16%. Shares of Coinbase and Robinhood advanced in tandem, reflecting spillover strength from the cryptocurrency market recovery.
Bitcoin extended its weekly gain to more than 23% on Friday, briefly exceeding $79,000, according to CoinMarketCap data. Ether climbed nearly 30% over the same period, breaching $2,400.
Digital asset markets drew additional support after US President Donald Trump reiterated calls for Congress to advance the CLARITY Act, a proposed framework aimed at clarifying regulatory oversight for digital assets. The bill’s progress remains stalled following the August recess. Trump also suggested the US government could acquire Bitcoin at a "sizable" scale following meetings with industry leaders this week.
