Digital Asset Treasury Firms Lead Crypto Stock Rally as Bitcoin Reaches $78,000

A sharp rebound in digital asset treasury firms led the surge in crypto-linked stocks on Friday, fueled by progress in ending the Iran conflict, which boosted risk assets and sent bitcoin soaring to a two-month high of $78,000. US President Donald Trump announced in a social media post that Iran had committed to keeping the Strait of Hormuz open, a crucial passage for global energy markets. Trump also stated that peace talks between the countries were progressing, and reports of the US considering unfreezing $20 billion in Iranian assets further lifted sentiment. As a result, crude oil prices tumbled 13% to nearly $80 per barrel. According to Matt Mena, senior crypto research strategist at Digital 21Shares, 'the reopening of the Strait of Hormuz is the risk-on signal the global markets have been waiting for.' Mena added that by removing a significant geopolitical chokepoint, Iran has 'uncorked a massive wave of liquidity and investor confidence.' With oil prices plummeting below $85 for the first time in a month, inflation fears may finally subside. Bitcoin climbed to $78,000, breaking out of a two-month range, and major altcoins such as ether, Solana, and XRP posted 4%-5% gains. The move also rippled across crypto-related equities, with crypto treasury firms being the biggest winners. These companies, which hold digital assets on their balance sheets, had been heavily battered in recent months. Trump-family-backed American Bitcoin jumped over 21%, while Strategy surged 13%. Other notable gainers included Strive, ProCap, Forum Markets, Solmate, and Upexi, which rose between 10%-19%. Additionally, digital asset-related stocks such as Coinbase, Galaxy, and Bullish also advanced, with gains ranging from 4.5% to over 6%.