Galaxy, Circle, Bitfarms Lead Crypto Stock Gains as Bitcoin Vehicles Metaplanet, Nakamoto Plunge

Group 1: Market Performance - Crypto-related stocks, including Galaxy Digital, Circle Internet, and Bitfarms, experienced double-digit gains as Bitcoin rose significantly, marking its highest increase since mid-August [1] - Galaxy Digital's stock increased by 12%, following its role as a lead investor in Forward Industries' $1.65 billion fundraising to establish a Solana treasury vehicle [1] - Bitfarms' stock surged by 18%, extending its weekly gains to over 60%, as the company focuses on expanding into high-performance computing [3] Group 2: Company Developments - Circle Internet's stock rallied by 16%, breaking a downtrend that had seen a decline of approximately 60% since its post-IPO peak, despite the absence of a clear news catalyst [4] - The appointment of Wayne Duso, a former executive from Amazon Web Services, to Bitfarms' board is part of its strategy to enhance its capabilities in high-performance computing [3] Group 3: Broader Market Context - Other crypto-related companies, including Coinbase, Robinhood, MARA Digital, and Riot Platforms, also saw stock increases, outperforming broader equity markets like the S&P 500 and Nasdaq 100 [5] - Despite Bitcoin's rise towards $115,000, some Bitcoin treasury vehicles, such as Metaplanet and Nakamoto, faced declines of 10% and 14%, respectively [5][6]