Crypto-linked stocks split as miners rise while Circle falls 11.22%

  • Strategy, Coinbase and Circle declined while CleanSpark, Hut 8 and MARA Holdings gained during the four-session week.
  • Circle closed at $90.60 after announcing the $400 million Tazapay acquisition; the older closing-price comparison shows an 11.22% weekly decline, versus 7.53% in the newer record.
  • Bitcoin fell 3.10% to $77,204 while ether gained 2.39% to $2,514.85 ahead of the Federal Reserve's September 15-16 decision.

U.S. cryptocurrency-linked equities ended the shortened week divided: Strategy, Coinbase and Circle finished below their September 4 closes, while CleanSpark, Hut 8 and MARA Holdings gained. Circle was the weakest of the three treasury and platform stocks, closing at $90.60 after announcing its $400 million stock acquisition of Singapore-based Tazapay, whose payment infrastructure spans more than 100 countries across Asia, the Middle East and Latin America. Bitcoin fell 3.10% to $77,204 on CoinGecko's daily UTC closing series, while ether rose 2.39% to $2,514.85. The comparison contains a reporting discrepancy: the newer record describes Circle's decline as 7.53% over the trading week, while the September 4-to-September 11 closing-price comparison in the older record shows an 11.22% decline from $102.05 to $90.60. August core CPI rose 0.3% month over month against a 0.2% consensus estimate ahead of the Federal Reserve's September 15-16 meeting, with markets assigning an 86% probability to a 25-basis-point rate increase.

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