MARA Holdings (MARA) stock soared 5.02% in pre-market trading on Monday, as cryptocurrency-related stocks rallied following Bitcoin's surge to a new all-time high above $123,000. The world's largest cryptocurrency crossed this milestone for the first time, sparking a broader rally across the crypto sector.

The surge in Bitcoin and related stocks comes as investors anticipate potential policy wins for the digital asset industry. The U.S. House of Representatives is set to debate a series of bills aimed at providing a regulatory framework for the cryptocurrency sector, including the Genius Act, which would create federal rules for stablecoins. This legislative push, coupled with strong institutional demand and support from U.S. President Donald Trump, who has branded himself as the "crypto president," has fueled optimism in the market.

Other crypto-related stocks also saw significant gains in pre-market trading. BIT Mining rose 28%, while companies like CleanSpark, TeraWulf, and Bit Digital saw increases of around 4%. The rally extended to major players in the space, with Coinbase and Circle both up 2%. Analysts suggest that this surge reflects growing acceptance of Bitcoin as a long-term reserve asset, not only by retail investors and institutions but potentially by some central banks as well.