Strategy, Coinbase, Circle, and BitMine are riding the Bitcoin short squeeze—and two of them may be squeezing equity bears of their own.
In brief
Strategy (MSTR) led crypto-linked equities, up 11.95% to $103.58, while Coinbase (COIN) rose 9.05% to $159.47.
Circle (CRCL) added 9.44% to $78.50 and BitMine (BMNR) gained 9.68% to $20.05, tracking Bitcoin's surge toward $70,000 and a market-wide short squeeze.
Strategy and Coinbase also rank among Wall Street's most shorted large-cap stocks, meaning today's pop may be squeezing equity bears too.
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