Coinbase Surges 11%, Strategy and Hut 8 Gain 5% as Crypto Catalysts Stack Up
On July 21, 2026, crypto-related stocks saw significant gains as Bitcoin rose 4% to $66,808. Coinbase surged 11% to $178, while Strategy (formerly Microstrategy) and Hut 8 each gained 5% to $103 and $106 respectively. The iShares Bitcoin Trust ETF also rose 3% to $38. The rally is driven by a friendlier U.S. policy backdrop as the Clarity Act vote approaches, along with company-specific catalysts. Coinbase benefits from regulatory optimism and increased trading activity. Strategy continues to sell shares to fund Bitcoin accumulation, acting as a leveraged play on crypto. Hut 8 gains from its fully commercialized AI facility, offering a growth story beyond crypto mining. The article notes that the sustainability of these gains depends on the Clarity Act vote outcome and Bitcoin holding its price levels.
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