Crypto stocks rally thanks to rotation from AI infrastructure; bitcoin miners lag
Crypto stocks were some of the top gainers Monday as the broader market sold off and capital rotated away from chip and AI infrastructure names. Bitmine Immersion led the group, surging 11% after the ether accumulator increased its holdings of the cryptocurrency by nearly 10,000 coins worth about $19.4 million at current prices, according to a Monday update. Fellow ETH treasury firm Sharplink Gaming jumped 6%.Bitcoin treasury pioneer Strategy was up 7% after it added to its cash buffer for a fifth straight week rather than buy bitcoin.
- ▪Crypto stocks were some of the top gainers Monday as the broader market sold off and capital rotated away from chip and AI infrastructure names.
- ▪Bitmine Immersion led the group, surging 11% after the ether accumulator increased its holdings of the cryptocurrency by nearly 10,000 coins worth about $19.4 million at current prices, according to a Monday update.
- ▪Fellow ETH treasury firm Sharplink Gaming jumped 6%.Bitcoin treasury pioneer Strategy was up 7% after it added to its cash buffer for a fifth straight week rather than buy bitcoin.
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| Canonical URL | https://www.cnbc.com/2026/07/27/crypto-stocks-rally-thanks-to-rotation-from-ai-infrastructure-bitcoin-miners-lag.html |
| Publication time | Mon, 27 Jul 2026 18:54:17 GMT |
| Retrieval time | 2026-07-27T18:56:41.439Z |
| Last seen | 2026-07-27T18:56:41.439Z |
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Crypto stocks were some of the top gainers Monday as the broader market sold off and capital rotated away from chip and AI infrastructure names. Bitmine Immersion led the group, surging 11% after the ether accumulator increased its holdings of the cryptocurrency by nearly 10,000 coins worth about $19.4 million at current prices, according to a Monday update. Fellow ETH treasury firm Sharplink Gaming jumped 6%.Bitcoin treasury pioneer Strategy was up 7% after it added to its cash buffer for a fifth straight week rather than buy bitcoin. Coinbase Global, BitGo and Figure Technology were all up between 4% and 6%.Stablecoin issuer Circle Internet Group gained 2% after announcing it has acquired IBM's portfolio of more than 1,000 blockchain-related patents worldwide.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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