Bitcoin-tied stocks are enduring another savage roller coaster, as the leading cryptocurrency has shed nearly half its value over three months, falling to about $63,000 from a peak close to $126,000 in October 2025, per The Guardian. This downturn has wiped roughly $2 trillion from the overall crypto market and rippled through shares connected to digital currencies.
On February 6, 2026, Bitcoin recorded its steepest one-day drop since the 2022 crash, tumbling around 13% in 24 hours, as noted by the Wall Street Journal. That single decline amplified losses for a group of prominent âbitcoin stocksâ, spanning crypto exchanges, mining operations, and companies stockpiling bitcoin.
Market Snapshot: Early 2026 Highlights
- Price Collapse: Bitcoin has fallen to half its October 2025 high.
- Equity Pressure: Equities exposed to Bitcoin face heavy selling pressure.
- Regulatory Shift: Regulators are sharpening their oversight of the industry.
- Investor Sentiment: Long-term optimists continue pointing to scarcity and ETF inflows as motives to hold.
From Euphoria to Fear: The Hit to Bitcoin Equities
The suffering is most evident at Strategy (the bitcoin-focused company once called MicroStrategy). It posted a $12.4 billion net loss for Q4 2025, fueled by a $17.4 billion unrealized write-down on its massive bitcoin holdings, according to the Wall Street Journal. Strategy owns over 713,500 bitcoins acquired at an average of roughly $76,000âfar above current BTC levels. As its shares plunged about 68% in the last year, Wall Street traders stared in disbelief at their screens, while devoted bitcoin supporters online reiterated the classic âHODLâ mantra.
The overall sentiment remains fraught. The Guardian indicates that bitcoinâs decline has affected firms rooted in pro-crypto views in Washington, including projects tied to President Donald Trump, amid assessments of regulatory risks and political fallout. Democratic legislators are demanding greater examination of Trump-associated crypto initiatives, heightening doubts about impending regulations.
Meanwhile, regulators are methodically refining rules for bitcoin exchange-traded funds (ETFs). A fresh SEC filing outlines an amendment impacting the Franklin Bitcoin ETF on Cboe BZX, emphasizing how âbitcoin stocksâ now encompass conventional, regulated offerings held in U.S. retirement accounts and brokerage accounts.
Beneath the news, experts highlight enduring structural drivers:
- Institutional buyers keep gathering BTC through spot ETFs, with worldwide bitcoin ETF assets exceeding $100 billion in 2025, per AInvest research.
- Following the April 2024 halving that reduced block rewards to 3.125 BTC, bitcoinâs price had risen about 33% a year on, as reported by crypto exchange Crypto.com, underscoring a persistent upward trajectory amid the latest turmoil.
- AInvest experts contend that by 2026, institutional demand may far exceed fresh supply, bolstering a positive outlook after the ongoing âcrypto winterâ passes.
The Outlook for Bitcoin Stocks
For average investors seeing their bitcoin-laden portfolios in the red, the vibe echoes past cycles: social media buzzing with margin-call nightmares, trading platforms buzzing with volatility warnings, and forums oscillating between gloom and resolve.
In this setting, bitcoin-related equities will probably stay acutely responsive to:
- Bitcoinâs daily price fluctuations
- SEC rulings on current and upcoming crypto ETFs
- Political chatter over Trump-era pro-crypto measures
- Institutional inflows (or outflows) from bitcoin funds
The irony persists that while bitcoin stocks weather sharp declines, Wall Streetâs enduring story still emphasizes scarcity, expanding institutional uptake, and a more robust regulatory structure as factors that could help the sector evolve. If that suffices to steady the current nervous markets remains unclearâbut for bitcoin stocks today, volatility is the sole certainty.