Bitcoin Topping $11,000 Propels Crypto-Linked Stocks Higher

(Bloomberg) -- Stocks with exposure to bitcoin are rallying in pre-market trading after the cryptocurrency traded above $11,000 for the first time in 15 months.

Crypto-linked securities with pre-market gains include: Grayscale Bitcoin Trust BTC, which is gaining 7.8%; Riot Blockchain Inc., which is up 4.8%, DPW Holdings Inc. which is rising 6.7%, and Marathon Patent Group, up 3.7%.

Read more: Bitcoin Surpasses $11,000 as Memories of Popped Bubble Fade

Some have suggested bitcoin is benefiting from new optimism as Facebook Inc. has decided to push into cryptocurrencies with its new coin, Libra.

To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.net

To contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard Richtmyer

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