Crypto-Linked Stocks Lead as SPCX Rises 7.64% at Wednesday’s Close

Crypto-linked shares outpaced a modest rise in U.S. equities at Wednesday’s close, led by SPCX’s 7.64% gain and a 7.62% advance for Strategy. All three major indexes finished higher, but their moves were smaller. The Dow Jones Industrial Average rose 0.42%, the Nasdaq Composite gained 0.41%, and the S&P 500 added 0.22%. Each benchmark’s increase was below half a percent, compared with gains of more than 7% for SPCX and Strategy. The six crypto-related stocks listed all closed higher. After SPCX and Strategy, BitMine posted the next-largest rise, up 5.26%. Circle gained 4.53%, while MARA and Coinbase each advanced 4.07%.