On Monday, stocks linked to the crypto sector experienced a mixed trading day as investors reacted negatively to new acquisitions by crypto treasury companies. While Bitcoin's price dropped for the first time in nearly two weeks, the shares of various crypto firms took a hit. Helius Medical Technologies saw the most significant decline, plunging 33.6% after purchasing Solana, which depreciated in value, leading to losses on its holdings. Other companies like CEA Industries and BitMine Immersion Technologies also faced severe drops due to their recent crypto investments. In contrast, firms pivoting towards crypto, such as AgriFORCE Growing Systems and Qualigen Therapeutics, saw substantial share price increases, nearly 138% and 95% respectively, as they announced new crypto-related business plans. The custody firm Bakkt Holdings and the Bitcoin treasury company Semler Scientific also reported gains, demonstrating a divergence in market response based on corporate strategies. This mixed performance emphasizes the volatility within the crypto market, as highlighted by HashKey Capital's CEO, stressing the importance of long-term strategy over short-term profits.

Source đź”—