Crypto-linked stocks rally as Bitcoin steadies, miners and treasury names lead gains.

Crypto-linked equities, including the CoinShares Bitcoin Mining ETF and iShares Bitcoin Trust ETF, are outperforming cryptocurrencies like Bitcoin and Ethereum in Tuesday trading. Stocks such as CleanSpark and BitMine Immersion Technologies are rising due to their leveraged exposure to Bitcoin prices and strategic treasury holdings. CleanSpark is rebounding after a tough month, supported by a major lease deal and diversified digital infrastructure plans, while BitMine is nearing its target of holding 5% of all Ether, funded by equity rather than loans. The rally reflects how mining and treasury stocks reprice faster than coins when crypto prices stabilize, but investors should be cautious due to volatility risks tied to underlying coin prices.