Asian cryptocurrency stocks rise in a rally driven by Trump.

As part of a larger cryptocurrency market rise spurred by U.S. President Donald Trump's Sunday social media statements about creating cryptocurrency reserves, cryptocurrency-related equities in Asia enjoyed notable increases on Monday.

In the first hour of trading after opening, shares of Japan's Metaplanet jumped to 4,010 yen from the previous close of 3,310 yen, closing up 21.15% on Monday. The business also revealed on Monday that it has increased its overall holdings to 2,391 BTC by purchasing a further 156 BTC ($13.4 million).

OKG Tech, a cryptocurrency company situated in Hong Kong, had a 42.6% increase in its stock price today, finishing at HK$0.184.

The Hong Kong-listed shares of Boyaa Interactive, a Chinese game producer and the biggest public corporate bitcoin holder in Asia, increased 23% to close at HK$4.17 on Monday. Boyaa declared on Sunday that it has increased its holdings to 3,350 BTC by purchasing an extra 100 BTC for $7.95 million. South Korea's Kospi dropped 3.39% on Monday, while Japan's benchmark Nikkei 225 gained 1.7%. The Hang Seng index for Hong Kong edged up 0.29% but stayed almost unchanged. Today, the Shanghai Composite index decreased by 0.12%.

Following Trump's social media announcements that SOL, XRP, and ADA would be included to the U.S. crypto reserve alongside bitcoin and ether, the spike in Asian cryptocurrency stocks was part of a larger crypto market rise that began on Sunday. According to The Block's Bitcoin price page, Bitcoin surged above the $94,000 mark at one point earlier today and was up 6.9% over the previous day at $92,326 at the time of writing.

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