CoinDesk reported that Bitcoin mining stocks jumped in large part thanks to Monday’s early trading surge. The increases aligned with Bitcoin hitting a new all-time high in the European morning. Feeding the positive market sentiment is Microstrategy CEO Michael Saylor’s strategic accumulation of Bitcoin which is still going strong.
Among crypto equities, bitcoin mining stocks were the biggest beneficiaries. Bitcoin had jumped to a new all-time high of over $122,870 as of the writing during the European morning on Friday, per CoinDesk.
Jamie Crawley is a member of CoinDesk’s market-accredited news team since February 2021, the author of these dramatic price swings. Crawley’s areas of interest include breaking news, Bitcoin technology and protocols, and crypto VC.
The CoinDesk report, initially published on July 14, 2025, at 2:31 p.m., was updated on July 15, 2025, at 11:22 a.m. Further, it pointed out that Core Scientific and Riot Platforms had both realized 4%-5% increases during the early trading.
Bitcoin’s price dipped back down to around $121,700 as U.S. markets opened, but is enjoying some positive price action now trading at just under $122,000. MicroStrategy co-founder and chairman Michael Saylor took advantage of the recent dip to acquire 4,225 Bitcoin, bringing the company’s total holdings to 601,550.
The SEC’s report does not explicitly connect Michael Saylor to the profits of Core Scientific and Riot Platforms.
Lee Chia Jian
Blockchain Analyst
Lim Wei Jian blends collectivist-progressive values and interventionist economics with a Malaysian Chinese perspective, delivering meticulous, balanced blockchain analysis rooted in both careful planning and adaptive thinking. Passionate about crypto education and regional inclusion, he presents investigative, data-driven insights in a diplomatic tone, always seeking collaborative solutions. He’s an avid chess player and enjoys solving mechanical puzzles.
