By George Glover
Crypto stocks were set to pare back some of their recent losses on Monday, after President Donald Trump struck a more conciliatory tone when discussing potential U.S. tariffs on China.
Shares in the digital-asset exchange Coinbase Global rose 2.8% ahead of the open, while Bitcoin treasurer Strategy, formerly known as MicroStrategy, added 1.9% and online trading platform Robinhood Markets rose 4%. Futures tracking the S&P 500 were 1.4% higher.
The moves came after Trump on Sunday softened his tone on China tariffs, which appeared to bolster investors' appetite for risk assets following Friday's broad and brutal selloff.
Crypto prices were rising as part of Monday's broader rebound, and that tends to boost stocks like Coinbase, Strategy, and Robinhood. The trading platforms' transaction fee revenue rises when cryptos are trading in the green, while the value of Strategy's Bitcoin pile is linked to the price of the world's largest token.
Investors will be closely watching Strategy's latest Bitcoin purchase update, which it typically files on Mondays, to see how much of the cryptocurrency it bought ahead of Friday's slump.
Write to George Glover at george.glover@dowjones.com
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October 13, 2025 06:49 ET (10:49 GMT)
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