Crypto stocks are rising Friday as bitcoin is headed for its best weekly performance in more than two years.
Shares of Coinbase Global, the largest crypto exchange in the U.S., were up 10% Friday morning. Robinhood Markets jumped 13%. Strategy, the bitcoin accumulation firm led by Michael Saylor, gained 8%.
Bitcoin recently traded around $77,500 after spiking to $79,426 earlier in the day. It has been climbing since the Treasury Department announced its expanded bond buyback program, which continues to weigh on the dollar.