US crypto stocks are back in the spotlight today as MARA Holdings, Galaxy Digital (GLXY), and Strategy Incorporated (MSTR) react to Bitcoin's latest breakthrough. MARA has increased nearly 29% over the past month and continues to attract cautious optimism from analysts.
Galaxy Digital is gaining momentum after its Nasdaq listing, despite reporting a significant loss in Q1. Meanwhile, Strategy remains volatile as it balances strong BTC purchases with a $2.1 billion preferred stock issuance and increasing legal scrutiny.
MARA Holdings (MARA)
MARA Holdings has shown notable strength over the past month, rising nearly 29% and consistently trading above $15 since 05/09. Although closing down 2.16% yesterday, the stock increased 4.8% in pre-market trading today.
Analyst sentiment remains cautiously optimistic—seven out of 17 analysts rate it as "Strong Buy," nine recommend holding, and only one suggests "Strong Sell."
The medium price target for 12 months is $20.27, implying potential growth of nearly 28% from current levels.
MARA Price Analysis. Source: TradingView.Financially, MARA reports Q1 2025 revenue of $213.9 million, up from $165.2 million the previous year, primarily due to a 77% increase in medium Bitcoin price. However, reduced production from Bitcoin halving and price volatility at the quarter's end led to a net loss of $533.4 million.
Despite the loss, MARA has increased its Bitcoin holdings to 47,531 BTC, marking a 174% increase compared to the same period last year. Technically, the stock maintains an upward EMA setup, but the narrowing distance between lines suggests diminishing momentum.
If the trend weakens, MARA might test support at $15.67, $15.25, or $14.47; a new breakthrough could push it towards resistance at $16.69 and potentially exceed $17.
Galaxy Digital (GLXY)
Galaxy Digital (GLXY) is attracting attention after its Nasdaq listing. The stock closed up 2.42% yesterday and jumped an additional 7.84% in pre-market trading as Bitcoin reached a new all-time high.
The US listing on 05/16 marked a significant milestone, with the stock opening at $23.50. However, CEO Mike Novogratz criticized the process as "unfair and frustrating," highlighting the company's legal challenges.
The listing occurred amid heightened market attention, though some investors remain cautious due to the company's Q1 net loss of $295 million.
GLXY Price Analysis. Source: TradingView.Despite mixed sentiment, Galaxy is moving forward with ambitious plans, including collaborating with SEC to tokenize its shares for integration into DeFi platforms.
Technically, GLXY has declined 4.5% since listing and is fluctuating near critical support levels. If pre-market momentum is maintained, the stock could challenge resistance at $25 and potentially push to $26.59.
However, breaking below $22 risks dropping to $21.20.
Strategy Incorporated (MSTR)
Strategy (MSTR) continues trading within volatile ranges, closing down 3.41% yesterday despite Bitcoin reaching a new all-time high. However, it shows recovery signs with a 2.64% increase in pre-market trading.
Analysts remain optimistic about the stock: Of 16 analysts, 15 rate it as "Strong Buy" or "Buy," with only one recommending "Strong Sell." The medium 12-month price target is $527.20, nearly 31% higher than current levels.
MSTR has increased 39% YTD, driven by Bitcoin's strong performance and ongoing institutional interest in BTC-related stocks.
MSTR Price Analysis. Source: TradingView.However, investor sentiment remains divided after the company announced a $2.1 billion perpetual Series A preferred stock issuance at 10.00% interest. Proceeds will be used for general purposes, including additional Bitcoin purchases—a strategy that continues to spark debate.
Adding pressure, Strategy faces a class-action lawsuit alleging executives misled shareholders about BTC exposure. Technically, MSTR remains in an upward trend, but if momentum decreases, it might test support at $377.77, with potential for deeper decline to $343.
However, a new buying wave could push the stock back to resistance at $430, especially if favorable macro factors for cryptocurrency persist.
