### Bitcoin Surges to Record High, Boosting Crypto-Related Stocks

Bitcoin reached unprecedented levels on Monday, nearing a trading value of $87,000. This milestone catalyzed substantial gains for several stocks connected to the cryptocurrency market and the post-election rally following President-elect Donald Trump's victory.

One of the major beneficiaries was Coinbase (COIN), a platform offering cryptocurrency trading. The company's stock surged over 19% on Monday, marking a staggering 74% increase over the past five trading days. Robinhood (HOOD), another platform that facilitates crypto trading, experienced a more than 7% rise on the same day and has gained over 35% in the last five days.

Additional driving forces behind Robinhood's success include speculation surrounding the future leadership of the Securities and Exchange Commission (SEC). Bloomberg reported on Friday that Robinhood's legal chief, Dan Gallagher, is being considered for the SEC chair position under Trump's upcoming administration.

The surge in cryptocurrencies reinforces the overall post-election Trump trade sentiment. Stocks projected to benefit from Trump's administration have soared since the November 6 election. Although it remains uncertain how Trump will shape his cryptocurrency policies, his campaign drew significant attention from the crypto community. Trump attended a bitcoin conference in Nashville in July, signaling his support for the industry.

Trump's crypto-centric promises include establishing a Presidential Advisory Council on cryptocurrency, terminating current SEC Chair Gary Gensler, and creating a national bitcoin reserve. "We're completely thrilled that we got a new president who campaigned on crypto and keeping the US a leader in the technology," remarked Coinbase Chief Policy Officer Faryar Shirzad.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest bitcoin ETF, jumped more than 13% on Monday. Companies holding bitcoin in their assets also experienced a substantial boost. MicroStrategy (MSTR), owning nearly 280,000 bitcoins, saw its shares climb more than 25% on Monday. The company reported the purchase of approximately 27,200 bitcoins between October 31 and November 10, at an average price of $74,463.

Tesla (TSLA) shares have similarly seen a significant rise since Trump's election. The company's stock surged roughly 42% over the past five days, with a 9% uptick on Monday. This increase is attributed not only to Tesla's bitcoin holdings but also to CEO Elon Musk's close association with Trump. Musk, who donated $132 million to Trump's campaign, has reportedly been a frequent visitor at Mar-a-Lago since election night, aiding in the administration’s transition.