(Bloomberg) -- US equities advanced, with crypto-linked stocks among the biggest gainers as Bitcoin headed for its best week in more than three years. Treasuries trimmed early gains as oil wavered.

Strategy, Coinbase, Circle, and BitMine are riding the Bitcoin short squeeze—and two of them may be squeezing equity bears of their own.

Bitcoin surged 5.8% to near $70K on August 19, its highest since June 2, as a Treasury bond buyback expansion eased yields and lifted crypto