Stocks associated with crypto, bitcoin treasuries, and mining had a week from hell and a month that looked even worse, proving once again that if Wall Street wants chaos, it only needs to look at the companies tethered to digital assets.
Stocks Bleed, Bounce, and Baffle: A Brutal Month for Crypto and Bitcoin-Linked Equities
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A Savage Week and Month of Crypto Stock Trading
Let’s start with the top of the food chain. Strategy remains the king, clutching 636,505 BTC with its $95.24 billion market cap, but even Michael Saylor’s juggernaut hasn’t been immune. The firm’s stock (Nasdaq: MSTR) slipped 10.37% over the past 30 days, though it managed to squeak out a 0.38% gain for the week.
Galaxy Digital Holdings fared slightly better. At $8.83 billion market cap, it lost 4.19% on the week and still managed a 34.76% year-to-date gain. Bitmine Immersion Technologies has been a rocket that everyone’s been talking about, posting a jaw-dropping 438.97% year-to-date rise. Yet in the past five days, it’s been clipped 7.21%.
Bitcoin miner stocks tell the real story of pain. IREN Limited was the rare bright spot, clocking a 13.49% weekly rise and a 166.29% climb this year. Compare that to MARA Holdings, which lost 4.82% for the week and is down 9.42% year-to-date. Riot Platforms limped through with a 3.69% weekly loss, but actually managed a 19.84% gain over the past month, a decent turnaround.
Its fellow mining peer Core Scientific shed 5.08% this week and sits 3.06% lower on the year. Applied Digital saw a 16.32% weekly thrashing, though it is still up 81.8% year-to-date. Terawulf lost 3.28% on the week, yet remains up 61.3% for the year. Cipher Mining managed to buck the trend, posting a 7.12% gain this week and 62.06% year-to-date—a unique winner in a month filled with mixed crypto equity patterns.
Alliance Resource Partners hardly budged, sliding just 0.65% on the week, though it’s still down 12.93% for the year. Hut 8 fared worse, shedding 4.26% over the week but clinging to a respectable 23.86% year-to-date gain. Cleanspark stumbled 3.24% in five days, leaving its 2025 performance at a thin 0.32% gain.
The worst of the lot? Bitdeer cratered 9.72% this week and has sunk 43% over the past year, with Northern Data dropping 58.47% year-to-date despite eking out a tiny 0.80% weekly rise. The rest of the pack fared no better: Bit Digital is down 3.83% weekly and 14.33% yearly, Bitfarms is down 2.27% this week and 13.42% yearly, Bitfufu is down 9.87% weekly and 28.08% yearly, and Hive is down 9.52% weekly and 6.66% yearly.
After its successful initial public offering (IPO), Bullish (NYSE: BLSH) slid 17.43% this week and 41.83% this month. Metaplanet fell 21.57% weekly and 24.01% monthly, while Trump Media & Technology Group managed to lose 6.55% in the week but still notched a 1.96% monthly gain.
Meanwhile, Coinbase (Nasdaq: COIN) slid 2.33% over the week but squeaked out a 0.51% monthly rise—a rounding error when you’re sporting a $76.84 billion market cap. Circle (NYSE: CRCL) lost 12.6% this week and 23.6% over the last month. In total, the past seven days were a bloodbath for a lot of crypto-centric equities, and the past month was worse. With only a handful of winners like IREN, Riot, and Cipher, most of the sector looks battered and directionless.
