Why Are Bitcoin-Related Stocks Trading Higher Today?

Shares of several stocks with cryptocurrency exposure, including Marathon Digital Holdings Inc MARA, Riot Blockchain Inc RIOT and Coinbase Global Inc COIN are trading higher by 8%, 8.4% and 2.2%, respectively, amid a weekend increase in the price of Bitcoin.

Over the weekend, Elon Musk suggested Tesla Inc TSLA may begin accepting Bitcoin for payment again.

Read More: Elon Musk Sets The Record Straight On When Tesla Will Accept Bitcoin Again

Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the Digital Currency Blockchain segment and its crypto-currency machines are located in Canada.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Coinbase Global is a provider of end-to-end financial infrastructure and technology for the crypto-economy. It generates substantially all its net revenue from transaction fees from trades that occur on its platform.