Crypto Shares Gain. KULR Technology up 8%; Circle Rockets 6%; Bakkt Holdings up 3%; SOS Ltd up 2%

Tiger Newspress
06/30

Crypto shares gained on Monday. KULR Technology up 8%; Circle rocketed 6%; Bakkt Holdings up 3%; SOS Ltd up 2%.

Circle Internet Group

Bernstein has initiated coverage on Circle Internet Group with an Outperform rating and a price target of $230, highlighting the company’s growing leadership in the stablecoin sector.

Bernstein analysts expect Circle's USD Coin to play a central role in the future of internet-scale payments.

The firm projects the total stablecoin market could grow from approximately $225 billion today to $4 trillion over the next decade, with Circle expected to capture a significant share, driven by its regulatory edge, liquidity lead, and strong distribution partnerships.

The analysts described Circle as a “must-hold” stock for investors looking to participate in the evolution of digital dollar networks beyond crypto trading, positioning it as a potential backbone of internet financial infrastructure.

Strategy

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued beefing up its BTC holdings last week amid rebounding investor sentiment and rising prices.

Strategy acquired 4,980 Bitcoin for $531.1 million during the week ending Sunday, the companyannouncedin a US Securities and Exchange Commission filing on Monday.

Strategy’s latest Bitcoin purchases averaged $106,801 per coin, with Bitcoin surging from around $101,000 on June 23 to above $108,000 by the end of the week, according to CoinGecko data.

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