Crypto-Linked Stocks Fall as Gemini Drops 10.36%, BitGo Gains

Eight of 10 U.S.-listed crypto-linked stocks fell in an Oct. 20 snapshot, with Gemini and Bullish leading the declines while BitGo and Strive gained.

Gemini (GEMI) dropped 10.36% over the preceding 24 hours, the steepest loss in the group. Bullish (BLSH) fell 9.5%, and Galaxy Digital (GLXY) declined 9.35%.

Coinbase (COIN) lost 5.03%. Strategy (MSTR) fell 3.85%, Circle (CRCL) dropped 3.83%, Sharplink (SBET) slipped 2.76%, and BitMine (BMNR) declined 2.73%.

BitGo (BTGO) rose 8.92%, the largest gain among the shares tracked. Strive (ASST) advanced 2.27%. Strive and Strategy are both building Bitcoin (BTC) treasuries, but their shares moved in opposite directions in the snapshot.

Strive had set Oct. 20 as the planned settlement date for its SATS preferred-share offering. The preferred shares rank ahead of Strive’s common stock but give holders no direct claim on Bitcoin. Strive has applied to list SATS on Nasdaq.