Circle Crypto Stock Surges Over 500%: A Look at Blockchain Stocks
The latest narrative to emerge in the crypto space is the wild success of many publicly traded crypto-related companies, netting blockchain stock investors significant gains. Circle crypto, known for issuing USDC, has recently seen its CRCL stock increase nearly 530% since it went public on June 4, 2025.
CRCL’s impressive rise follows the feat of Japanese investment firm Meta Planet (MTPLF), which witnessed a surge exceeding 600% after pivoting to Bitcoin accumulation, mirroring strategies inspired by Michael Saylor.
🚨 ARE WE SEEING THE IPHONE-MOMENT FOR STABLECOINS? I believe the Genius Act could push stablecoins like $USDT and $CRCL from “nice to have” to “need to have.” pic.twitter.com/wR9iaqRXNH — Pius the Banker (@PiusSprenger) June 18, 2025
“History Is Being Made”, Says Circle CEO Following News That The US Senate Passed The GENIUS Act Bill
Since going public, Circle and its CRCL stock have risen approximately 530%. In the last day alone, CRCL soared by more than 30% after the Senate’s passing of the GENIUS Act bill, aimed at creating a federal framework for dollar-backed cryptocurrencies, also known as stablecoins.
This legislation represents a significant step forward for crypto in the U.S., pending final approval from the House and the President’s signature, establishing how American companies can issue and manage dollar-backed stablecoins.
Circle’s CEO, Jeremy Allaire, commented on the bill’s passage:
“History is being made, as the US Senate passes the GENIUS Act, taking us one step closer to breakthrough legislation being signed into law that will drive US economic and national competitiveness for decades to come.”
Following the legislation’s approval, not only did CRCL see a spike, but shares of leading crypto exchange platform Coinbase (COIN) rose by 12%, and trading platform Robinhood (HOOD) experienced a 4% increase.
This trend indicates a growing interest among both small and large global corporations in integrating crypto into their financial strategies, either as a reserve asset or by launching publicly traded stock.
Circle Crypto (CRCL): The Latest In A Long Line Of Blockchain Stock Success Stories
GameStop has made headlines by acquiring 4,710 Bitcoin for $512 million, shaking up the market dynamics.
And with $5.5 billion in cash, they are just getting started. pic.twitter.com/ffTdGKT6P7 — Swan (@Swan) May 28, 2025
Other companies, like Vanadi Coffee, are also making moves in the crypto space. After 2024 losses of $3.7 million, President Salvador Martí aims to rebrand the chain under a ‘Bitcoin-first’ initiative, infusing $1.1 billion into Bitcoin, further indicating that non-traditional sectors are embracing digital currency. Vanadi’s stock has increased over 200% since officially announcing this restructuring to a Bitcoin-centric business model.
This trend may inspire many innovative entrepreneurs to adopt similar approaches to combat stagnant or declining stock prices. Furthermore, various leading Web3 firms including Ripple Labs, Consensys, and Kraken are exploring the option to go public, following in the footsteps of Coinbase and Circle.
