Galaxy, Circle, Bitfarms Rally as Bitcoin Stocks Metaplanet and Nakamoto Slide

September 14, 2025 – Crypto-related equities saw mixed performance on Monday, with major firms Galaxy Digital, Circle, and Bitfarms posting notable gains, while Bitcoin-focused investment vehicles Metaplanet and Nakamoto tumbled.

Shares of Galaxy Digital rose as investors responded positively to the firm’s latest expansion efforts in digital asset banking and trading services. Circle, the issuer of USDC stablecoin, also advanced, supported by strong adoption of its dollar-backed token in both traditional and decentralized finance markets. Mining company Bitfarms climbed after reporting improved hash power efficiency and a reduction in operating costs, boosting confidence in its long-term profitability.

In contrast, Metaplanet and Nakamoto, both positioned as Bitcoin treasury and investment vehicles, suffered steep declines. Analysts attributed the sell-off to profit-taking following recent rallies, coupled with concerns over volatility in Bitcoin’s price trajectory.

The divergence highlights the growing split between companies building infrastructure and services around digital assets and those directly tied to Bitcoin’s market swings. While service-oriented firms benefit from broader adoption trends, Bitcoin-holding vehicles remain exposed to sharp market corrections.

Market watchers expect continued volatility in the sector as legislative debates in Washington and global regulatory shifts shape sentiment. For now, investors appear to be rewarding firms with diversified business models while pulling back from pure Bitcoin bets.