Trump-Connected Firms Kindly MD and Gryphon Digital Mining Surge Over 300%

Recent surges in stocks linked to Donald Trump have been notable, particularly with two companies: Kindly MD and Gryphon Digital Mining.

Kindly MD's shares rose over 318% on Monday following a merger announcement with Nakamoto Holdings, a Bitcoin investment firm led by David Bailey.
The new entity plans to invest $510 million in private funding and $200 million in debt into Bitcoin. Bailey will be CEO, while Tim Pickett continues to manage the healthcare segment.
Previously, Kindly MD had no crypto exposure and reported $2.7 million in earnings last year.
Gryphon Digital Mining's stock increased 237% after merging with American Bitcoin, co-founded by Eric Trump, aiming for a Nasdaq listing.
Hut 8, American Bitcoin’s parent company, saw a 14% rise post-announcement.
Bitcoin's price is currently $102,800, up 48% since Trump's election.

Despite these gains, some Trump-related stocks are underperforming. Trump Media & Technology Group (DJT) is down 24% this year. Other entities, like Newsmax, have experienced volatility, and Trump’s meme coin lost value after an initial surge.