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Crypto Stocks Rally Pre-Market as Bitcoin Tops $100K

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MARA Holdings climbed on completing an $850 million offering of a zero-coupon convertible senior note.

Semler Scientific rallied more than 7% while MicroStrategy and MARA Holdings both gained 6%.The analyst who wrote this piece owns shares of MicroStrategy and Semler Scientific .

Crypto-related equities jumped before the U.S. market open after bitcoin broke through the $100,000 psychological barrier, adding 4% in 24 hours. Medical device company Semler Scientific led gains, adding more than 7% and approaching $70 a share. The company holds 1,570 BTC, according toof a zero-coupon convertible senior note due in 2031. The proceeds will primarily go towards acquiring bitcoin and repurchasing existing notes due 2026. added 4.6%. It plans to offer a $300 million convertible senior note due 2030, with an additional $45 million option.

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