Bitcoin Rallies Past $82,000, Dragging Crypto Stocks Higher With It
Key Takeaways
- •Bitcoin reached $81,282 on Thursday, up nearly 3% over 24 hours and more than 23% over the past 30 days.
- •Crypto stocks outpaced bitcoin itself, with Strategy up over 13%, Coinbase up 11%, and HIVE Digital leading miners with a 13% gain.
- •The U.S. Treasury's plan to more than double government debt repurchases weakened the dollar and benefited non-yielding assets like bitcoin and gold.
- •President Trump urged lawmakers to pass the Clarity Act, legislation that would clarify how digital assets are regulated in the U.S.
- •Investors poured more than $2.8 billion into bitcoin ETFs, the largest inflow since October, though bitcoin still trades nearly 40% below its record of $126,080.
Bitcoin surged on Thursday, but crypto-industry stocks climbed even faster as a rally that began weeks ago gathered fresh momentum.
The price of the largest cryptocurrency reached as high as $81,282 on Thursday morning in New York, a gain of nearly 3% over a 24-hour period. Over the past 30 days, bitcoin has risen more than 23%, driven by positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks.
JUST IN: $80,139 Bitcoin pic.twitter.com/2hCpC00rrg — Bitcoin Magazine (@BitcoinMagazine) September 3, 2026
JUST IN: $80,139 Bitcoin pic.twitter.com/2hCpC00rrg
Shares of major crypto companies outpaced the coin itself — a pattern common in crypto markets, where listed companies with direct bitcoin exposure often amplify the cryptocurrency's moves in both directions. Bitcoin treasury company Strategy (NASDAQ: MSTR) traded more than 13% higher on Thursday. The company had resumed bitcoin purchases on Monday after a 10-week pause undertaken to reshuffle its cash balance sheet.
America's biggest crypto exchange, Coinbase, also saw its stock jump: Nasdaq-listed COIN was up 11% over the same period. Coinbase's trading revenue is closely tied to transaction volumes, which typically rise alongside bitcoin's price.
Bitcoin mining companies got a lift as well. Leading public companies in the sector — including Nasdaq-listed HIVE Digital, MARA, and CleanSpark — all rose on Thursday. Miners hold bitcoin reserves on their balance sheets and mine new coins, so their valuations tend to track the cryptocurrency's price. HIVE Digital led the group with a 13% jump, while MARA Holdings gained more than 10% on the day. Clean-energy bitcoin miner CleanSpark climbed 9%, and IREN, which is gradually phasing out its mining operations to focus on AI-compute, added 4%.
Bitcoin posted a phenomenal run in August — its third-best such month in its history — after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The announcement, intended to tame surging yields not seen in nearly 20 years, weakened the dollar but benefited non-yielding assets such as bitcoin and gold.
Soon afterward, President Donald Trump urged lawmakers to pass the long-awaited crypto Clarity Act, digital asset legislation the industry has long called for. The bill is aimed at clarifying how digital assets are regulated in the U.S., an issue that has shaped the industry's growth since U.S. spot bitcoin ETFs were approved in January 2024.
Investors rushed back into bitcoin exchange-traded funds as a result, pouring more than $2.8 billion into the vehicles — the largest inflow since October, when the coin hit a new all-time high. Those ETFs, which hold bitcoin directly, have become a primary channel for institutional exposure to the cryptocurrency.
Bitcoin had spent much of the year trading below $80,000 per coin, with June and July largely below $65,000. The cryptocurrency set a record of $126,080 in October and now trades nearly 40% below that level. Traders will be watching whether the Clarity Act advances in Congress and whether ETF inflows continue at their recent pace as the rally extends.
This post first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
