Strategy Rockets 13%, Bitmine Immersion Technologies Rallies 13%, Coinbase Jumps 11% as Bitcoin Surges Past $68,000

Bitcoin surged back above $68,000, triggering a sharp rebound in crypto-linked equities. Strategy (MSTR) jumped 13%, Coinbase (COIN) rose 11%, and Bitmine Immersion Technologies (BMNR) gained 13%, with the move described as the strongest one-day pop for these proxies in months. The article frames the rally as likely short covering and a rebound off summer lows rather than a confirmed trend reversal, since all three stocks remain deeply negative year to date. It also notes that the SEC is proposing new crypto-related rules, which may be adding support to sentiment. Bitcoin traded around $68,500, up 6% over 24 hours, while Ethereum was near $1,908. Traders are watching whether Bitcoin can hold above $68,000 and whether follow-through volume appears in these stocks tomorrow.