Crypto stocks rally thanks to rotation from AI infrastructure; bitcoin miners lag

Crypto stocks rose Monday as broader markets sold off and investors rotated away from chip and AI-infrastructure names. Bitmine Immersion led the group, jumping 11% after an ether accumulator increased its holdings by nearly 10,000 coins worth about $19.4 million at current prices, according to a Monday update. Sharplink Gaming gained 6%. Strategy rose 7% after adding to its cash buffer for a fifth straight week. Circle Internet Group, Coinbase Global, BitGo, and Figure Technology also rose between 2% and 7%. The move coincided with sharp oil declines, lower Treasury yields, and continued risk-off sentiment toward memory chip and other AI plays.