--- title: "Cryptocurrency concept stocks collectively strengthened, BMNR (BMNR.US) rose over 3%, Robinhood (HOOD.US) rose over 1%" type: "News" locale: "en" url: "https://longbridge.com/en/news/287083225.md" description: "Cryptocurrency concept stocks collectively strengthened, with BMNR (BMNR.US) rising over 3% (holding 5.28 million ETH), and HOOD, MSTR, and COIN all rising over 1%. Circle (CRCL.US) slightly increased as Duan Yongping established a new position in Q1. Trump urged the Federal Reserve to simplify the review of main accounts for cryptocurrency companies" datetime: "2026-05-20T14:25:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287083225.md) - [en](https://longbridge.com/en/news/287083225.md) - [zh-HK](https://longbridge.com/zh-HK/news/287083225.md) --- # Cryptocurrency concept stocks collectively strengthened, BMNR (BMNR.US) rose over 3%, Robinhood (HOOD.US) rose over 1% On Wednesday (May 20), cryptocurrency concept stocks overall strengthened during the U.S. stock market. Bitmine Immersion Technologies (BMNR.US) rose 3.14% to $19.21, leading the sector, with an intraday high increase of 3.33%; Robinhood (HOOD.US) rose 1.59% to $75.34; MicroStrategy (MSTR.US) rose 1.57% to $167.22; Coinbase (COIN.US) rose 1.06% to $195.50. Circle (CRCL.US) slightly increased by 0.51% to $111.60, with an intraday high increase of 1.59% reaching $112.79, and its 2x leveraged ETF (CCUP.US) rose 1.41% (with an intraday high increase of 3.19%), while the inverse ETF (CRCD.US) fell 1.00%. In terms of news, Trump has requested the Federal Reserve to review the channels for cryptocurrency companies to obtain Master Accounts, aiming to simplify regulation and reduce compliance burdens, clearing obstacles for cryptocurrency financial institutions to enter the mainstream payment and clearing system, boosting overall sector sentiment. On the individual stock level, Bitmine Immersion (BMNR.US) disclosed that its Ethereum (ETH) holdings have reached 5.28 million, with total cryptocurrency and cash assets amounting to $12.6 billion, further strengthening the narrative of "Ethereum Reserve Company"; the company recently increased its holdings by 71,672 ETH, but Fundstrat's Tom Lee reminded that oil factors remain the biggest potential drag on digital assets. Regarding Circle (CRCL.US), well-known investor Duan Yongping has newly established a position in Circle in the latest Q1 holdings; although SoftBank sold CRCL shares in Q1, raising short-term concerns, analysts generally maintain a "continue to accumulate" view, believing that the penetration of the USDC stablecoin in B2B payment scenarios is still in the early stages. For MicroStrategy (MSTR.US), top analysts have raised the target price, believing there is still over 140% upside potential; however, Zacks Research has downgraded its rating to "Strong Sell," indicating a clear divergence between bulls and bears ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md) - [BTCS.US](https://longbridge.com/en/quote/BTCS.US.md) - [LTCN.US](https://longbridge.com/en/quote/LTCN.US.md) - [EZET.US](https://longbridge.com/en/quote/EZET.US.md) - [RIOX.US](https://longbridge.com/en/quote/RIOX.US.md) - [SATO.US](https://longbridge.com/en/quote/SATO.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md) - [BMNG.US](https://longbridge.com/en/quote/BMNG.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [QETH.US](https://longbridge.com/en/quote/QETH.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [FDIG.US](https://longbridge.com/en/quote/FDIG.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [WGMI.US](https://longbridge.com/en/quote/WGMI.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [CCUP.US](https://longbridge.com/en/quote/CCUP.US.md) - [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) ## Related News & Research - [Why HOOD May Stand To Lose From Congress's Prediction Market Bill Frenzy](https://longbridge.com/en/news/286920204.md) - [Trump family trust traded crypto stocks during policy push](https://longbridge.com/en/news/286588654.md) - [Trump Family Wealth Reportedly Gets $660M Boost From Undisclosed Crypto Token Sales](https://longbridge.com/en/news/286801597.md) - [Robinhood's (HOOD) Crypto Revenue Collapsed. 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