Crypto Stocks to Watch as February Consolidation Hits New Low

Before this purchase, Bitmine acquired 45,759 ETH, increasing holdings to 4.37 million. The ETH treasury firm also announced 3.04 million staked ETH and anticipated annual staking incentives of up to $252 million.

Direct Ethereum exposure, together with staking income, makes the BMNR stock sensitive to any ETH stabilisation. The stock has dropped 29% over the past months as ETH weakened.

At press time, ETH is priced at $1,956, down 0.4% over the past 24 hours. Ethereum has been stuck in a volatile consolidation phase after sharp early-month selloffs, with prices testing fresh 2026 lows.

Strategy and the BTC Purchase Impact

Another stock investors are also watching this February is Strategy (MSTR), particularly due to the companys association with Bitcoin (BTC).

Strategy has repeatedly demonstrated confidence in BTC, buying million-dollar amounts of the coin periodically. Earlier this month, Strategy acquired an additional $90 million in BTC at an average price of $78,815 per coin.

Since the purchase, the BTC price continued to trade in a tight range, and testing lower levels. In reaction to the declining BTC price, MSTR dropped more than 19% over the previous month.

At the moment, MSTR is priced at $129.45, up 1.4% in premarket trading and 1.6% over the past five days.

Despite the BTC drop, Strategy Chairman Michael Saylor demonstrated long-term conviction for BTC. Strategy recently bought an additional 2,486 BTC, while Saylor called this crypto winter the shortest and mildest yet.

Intriguingly, a BTC consolidation breakout to the upside could spark sharp rebounds in MSTR. However, further lows risk more dilution or perceived forced-sale fears.

Circle Crypto Stocks Outlook Amid CLARITY Act Discussions

Circle (CRCL), the third stock to watch, has rallied by 1.55% in premarket trading. However, the stock decreased by 1.9% and 14.8% over the past day and month, respectively.

Circle, the issuer of USDC, one of the largest regulated stablecoins, provides infrastructure for crypto payments, trading, and on-chain activity. Its business thrives on ecosystem volume, adoption, liquidity, and overall crypto health.

Low-volatility consolidation in February and reduced trading activity pressure stablecoin volumes and revenues. This has contributed to the sharp CRCL correction.

However, CRCL stands to benefit from the latest developments reported by Eleanor Terrett on the White House stablecoin meeting.

The meeting focused on whether stablecoins like USDC can offer yield to holders. It is also part of broader negotiations on crypto market structure bills, often referred to as the CLARITY Act.

Clarity in stablecoin regulation could reduce uncertainty and support long-term growth for Circle and its stock. Besides, White House taking the lead and setting near-term talks reduces the risk of outright hostile rules.