Bitcoin's $123K Boom Meets Crypto Week: Blastoff Moment For MicroStrategy, Marathon Digital?

Bitcoin (CRYPTO: BTC) blasted through $123,000 on Monday — just as Capitol Hill kicks off Crypto Week, a rare bipartisan push to pass sweeping digital asset legislation. With the Clarity Act and stablecoin oversight bills set for a vote, investors are eyeing what could be a regulatory green light for serious institutional capital to flood into the space.

And the biggest beneficiaries? Not just Bitcoin itself, but Bitcoin proxies such as Strategy Inc (NASDAQ:MSTR) and miners like MARA Holdings Inc (NASDAQ:MARA).

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Miners Could Rocket On Clarity And Short Squeezes

As of June 30, MARA held 49,940 BTC, yet the stock still carries a massive 26% short interest. If Bitcoin’s momentum continues and regulation gives Wall Street the green light, MARA could be primed for a short squeeze-fueled breakout.

Other mining names like Riot Platforms Inc (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) are also poised to benefit from rising Bitcoin prices, especially as institutional traders pile into regulated vehicles like BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT).

The risk?

Post-halving profitability remains tight for miners. Power costs and potential tariff-driven input inflation could compress margins just as demand spikes. But with Bitcoin hitting all-time highs and regulatory clarity emerging, the market may overlook these near-term headwinds in favor of momentum — and FOMO.

Strategy's Bitcoin Bet Looks Brilliant — Or Leveraged

Then there's Strategy, which now holds a staggering 597,325 BTC, valued near $73.5 billion. With Bitcoin's breakout, Michael Saylor's all-in strategy looks vindicated — on paper. But Strategy remains a high-beta play, heavily exposed to Bitcoin price swings and carrying leverage risk. Still, with the stock often moving multiples of Bitcoin's gains, the upside in a regulatory tailwind scenario is hard to ignore.

Social media chatter hints at a potential $2-3 trillion wave of institutional capital waiting for clear rules. If Crypto Week delivers even modest progress, it could set off a moonshot for miners and Bitcoin-heavy stocks.

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