U.S. Crypto-Linked Stocks Gain in Pre-Market Trading on August 20
While Coinbase, MicroStrategy, and Bitmine posted declines, Circle and SharpLink Gaming experienced growth, with SharpLink announcing a $1.5 billion stock repurchase plan.
Summary
U.S. crypto-related stocks had a mixed performance in pre-market trading on August 22. Coinbase fell 0.4%, Circle rose 0.54%, MicroStrategy declined 1.14%, and Bitmine dropped 0.84%. SharpLink Gaming, which announced a $1.5 billion stock repurchase plan, gained 1.77%.
Terms & Concepts
- Crypto-linked stocks: Publicly traded companies whose business models or revenues are tied to the cryptocurrency sector, such as exchanges, miners, or blockchain service providers.