Crypto stocks experienced a mixed trading day on Monday as investors reacted negatively to the acquisitions made by crypto treasury firms, leading to a decline in their stock prices. Specifically, Helius Medical Technologies saw a significant drop of 33.6% after its investment in Solana, while CEA Industries and BitMine Immersion Technologies also faced losses. Conversely, companies pivoting into crypto, such as AgriFORCE and Qualigen Therapeutics, reported substantial gains, with AgriFORCE shares soaring 138% following plans to raise funds for buying Avalanche. Bakkt Holdings also rallied over 40% with the addition of a new crypto entrepreneur to its board. This mixed performance underlines a divergence between treasury companies' strategies and businesses successfully transitioning into crypto, as highlighted by HashKey Capital's CEO, who emphasized the importance of a long-term vision for sustainability in the crypto space.

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