Bitcoin's price has surpassed $72,000, leading to a surge in cryptocurrency-related stocks, including Wooree Technology Investment.
According to the Korea Exchange, as of 2:15 PM, Wooree Technology Investment was trading at 6,020 won, up 1,085 won (21.99%) from the previous trading day. Wooree Technology Investment is a major shareholder, holding approximately 7.20% of Dunamu, which operates South Korea's largest cryptocurrency exchange, Upbit.
At the same time, Parataxis Ethereum, which operates a digital asset treasury business based on Ethereum, saw its stock rise by 29.96%, hitting the upper limit. Other stocks also experienced gains, including Galaxia Money Tree (19.56%), Bit Planet (10.64%), WIZIT (5.12%), and Bitmax (4.98%).
The sharp increase in Bitcoin's price has sparked optimism about a recovery in the cryptocurrency market, which is reflected in the performance of related stocks.
On August 20, according to the U.S. cryptocurrency exchange Coinbase, Bitcoin's price was recorded at $72,812, up approximately 6.2% from 24 hours earlier. Compared to a week ago, it has risen by more than 15%.
This rise in Bitcoin's price is believed to be influenced by the macroeconomic environment and expectations regarding U.S. cryptocurrency policy.
The U.S. Treasury Department announced the previous day that it would at least double the size of its Treasury buyback program to stabilize financial markets, leading to a decline in long-term bond yields and a drop in the value of the dollar. This has resulted in increased investment in risk assets, including Bitcoin.
Additionally, President Donald Trump summoned Coinbase CEO Brian Armstrong and others to the White House to pressure Congress for the passage of the 'Clarity Act,' a bill aimed at structuring the cryptocurrency market, further stimulating investor sentiment.
* This article has been translated by AI.
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