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Bitcoin near $88.7K lifts GME, FOLD; MSTR, CLSK lag amid dip

Bitcoin Rally Lifts Crypto Proxies — MSTR Falls on Dilution Pressure

  • Bitcoin held near $88,700, helping lift several crypto-linked stocks on Monday.
  • GameStop and Fold Holdings posted gains, while sentiment levels varied on social platforms.
  • Strategy (MSTR) fell after announcing additional equity sales tied to its Bitcoin accumulation plan.
  • CleanSpark, ALT5 Sigma, Bakkt, and KULR Technology remained in negative territory despite a modest crypto market rebound.
  • MSTR reported recent share sales, a $257 million net profit from those sales, $7 million in preferred-stock income, and added 2,932 BTC to bring holdings to 712,647 BTC.

Bitcoin traded near $88,700 on Monday, and the broader crypto market cap rose about 1.5%, pushing some crypto-linked stocks higher while others fell. Market gains helped lift names that act as crypto proxies, but investor concerns about dilution and equity sales weighed on certain firms.

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GameStop closed up 4.44% and extended gains after hours as “The Big Short” investor Michael Burry disclosed a stake and backed CEO Ryan Cohen, who and another board member bought more than 500,000 shares, according to an SEC filing. Retail sentiment on Stocktwits stayed in ‘extremely bullish’ territory with ‘extremely high’ chatter over the past day.

Fold Holdings (FLD) closed at $1.99, up about 4.74%, and traded around $2.09 in after-hours, near a 5% gain. Traders moved into smaller crypto-linked names as Bitcoin strengthened, though social sentiment for FLD shifted from ‘neutral’ to ‘bearish’ while chatter remained ‘high’.

Strategy (MSTR) ended the regular session down 1.55% at $160.58 and rose slightly after hours to about $161.04. The stock fell after the company announced more equity sales tied to its Bitcoin accumulation approach. The firm sold roughly 1.57 million Class A shares between Jan. 20 and Jan. 25, generating a net profit of about $257 million, and reported about $7 million in income from its STRC preferred stock. It purchased 2,932 Bitcoin at an average price of $90,061, raising its total to 712,647 BTC, and reported roughly $8.17 billion available under its at‑the‑market program as of Jan. 25. Retail sentiment on MSTR remained in ‘bearish’ territory with ‘low’ chatter.

Despite an improved crypto backdrop, several crypto-linked equities stayed under pressure. CleanSpark, ALT5 Sigma, Bakkt, and KULR Technology Group all traded lower on the session.

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For updates and corrections, email newsroom[at]stocktwits[dot]com.

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