Bitcoin Hits $114K, Driving Crypto Miners and Tesla Stock Surge

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Bitcoin Hits $114K, Driving Crypto Miners and Tesla Stock Surge
Image source: Unblock Media
  • Bitcoin’s rally to $114,800 sparks major movements in related sectors.
  • Crypto miners, Tesla, and Bitcoin treasury firms show significant gains.

On September 15, 2025, Bitcoin’s surge to $114,800 propelled gains across crypto mining stocks, Bitcoin treasury firms, and Tesla shares, as reported by Cryptopolitan. Heightened investor activity and strategic corporate moves contributed to the market-wide shifts.

Crypto mining stocks showed strong gains in response to Bitcoin's rise. Cryptopolitan reported that Bitfarms (BITF) increased by 10.71% to $3.10, HIVE Digital Technologies (HIVE) jumped 12.72% to $3.81, and Iris Energy (IREN) rose 3.38% to $33.96. These gains reflect increasing demand for mining operations as Bitcoin continues its upward trajectory.

Tesla shares also rallied during the trading session, according to Investopedia. The company’s stock climbed over 6% to $420 after a regulatory filing revealed that Elon Musk purchased 2.57 million Tesla shares worth approximately $1 billion on September 12. This purchase is tied to Tesla’s push to secure shareholder approval for a new compensation package for Musk that benchmarks major artificial intelligence (AI) milestones and an $8.5 trillion market valuation.

Bitcoin treasury firms saw activity as well. According to The Block, Strategy, a business intelligence company, announced the acquisition of 525 additional bitcoins for $60.2 million. This purchase increased the firm’s total holdings to 638,985 BTC, valued at roughly $73.4 billion, solidifying its dominance in Bitcoin reserves and signaling confidence in the asset’s long-term value.

Meanwhile, not all companies with Bitcoin exposure benefited from the rally. KindyMD, a healthcare firm holding 5,765 BTC, experienced a 50% stock price drop ahead of market openings. This decline contrasts sharply with the broader positive market trends observed on the same day.

As of September 15, 2025, 16:09 UTC, Bitcoin (BTC) is trading at $114,788, with a 0.556% decrease over the past 24 hours, as reported by CoinMarketCap. The 24-hour trading volume increased by 47.419%, reflecting robust activity in the cryptocurrency market.

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Article Info
Category
Market
Published
2025-09-15 16:12
NFT ID
PENDING
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