Stocks Bleed, Bounce, and Baffle: A Brutal Month for Crypto and Bitcoin-Linked Equities

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.

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.

Nasdaq: MSTR 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%.

Only three of the crypto stocks— RIOT, DJT, and COIN— saw 30-day gains. 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.

Top five mining stocks by market cap according to bitcoinminingstock.io. 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.

NYSE: BLSH 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.

Nasdaq: COIN 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.