Bitcoin Rally Boosts Crypto Stocks Marathon, Riot, MicroStrategy, and Coinbase

Bitcoin's price surged over 10%, boosting stocks like Marathon Digital, Riot Blockchain, MicroStrategy, and Coinbase that are exposed to cryptocurrencies.

Marathon Digital stock closed up 12.76% as the company mines Bitcoin. Riot Blockchain stock rose 9.02% with a similar cryptocurrency mining business model.

MicroStrategy stock increased 8.46% as the company holds large amounts of Bitcoin on its balance sheet.

Coinbase stock gained 3.42% as the leading crypto exchange is set to report earnings soon amid the Bitcoin rally.

Tesla stock barely changed despite CEO Elon Musk's recent comments about the need for more advertising.