BTCT Is Exploding Higher—Here’s What’s Fueling the Move

A tiny crypto stock is surging as Bitcoin breaks higher.

Author

Jeff Williams
August 20, 2026

Good morning,

BTCT is one of the biggest small-cap movers on my screen this morning.

BTC Digital was recently trading near $0.84, up approximately 77% from Wednesday’s close. I could not find a fresh company-specific press release explaining the move, which suggests this rally is being driven primarily by the strength in cryptocurrency stocks, its extremely small float and short-covering.

Here is why BTCT is getting so much attention:

Bitcoin is trading above $71,000 following renewed momentum behind the proposed Clarity Act. The legislation would provide clearer regulatory responsibilities for the SEC and CFTC, and that optimism is pushing money into crypto-related stocks. Reuters

BTCT has an estimated float of only 9.17 million shares, with approximately 2.21 million shares previously reported short. When buyers rush into a stock this small, limited supply and short covering can create an explosive move. Yahoo Finance

The company is also tied to several popular themes. BTC Digital has historically operated cryptocurrency mining infrastructure, but it has been expanding toward AI computing, liquid-cooled data centers and digital infrastructure.

This is not a stock I would blindly chase after a huge gap. BTCT is a highly speculative micro-cap that can reverse just as quickly as it rises. I want to see whether it can hold its first meaningful pullback, maintain strong volume and reclaim the morning high before considering another momentum entry.

Two options trades on my radar

MARA August 28 $10 Calls

MARA is one of the most active Bitcoin miners this morning. Call volume recently reached approximately 152,567 contracts against 46,037 puts, giving it a bullish put-to-call ratio near 0.30. Options activity

I would look for MARA to hold $10 and break above the premarket area around $10.25 before considering calls. I do not want to chase an oversized opening candle. The preferred contract price is $1.15 or less, subject to the live spread after the opening bell.

RIOT August 28 $20 Calls

RIOT recently recorded approximately 72,878 calls against 18,815 puts, another heavily call-skewed options chain. Options activity

I would consider the $20 calls only if RIOT holds $19.25–$19.40 and pushes through $20 with strong volume. A confirmed breakout could open the door toward $20.75 and $21.50. Avoid the trade if Bitcoin begins losing momentum or RIOT fails to hold its opening support.

Get the alerts as they happen

BTCT is exactly why traders need live scanners and real-time commentary. By the time a fast-moving stock reaches most watchlists, the best part of the move may already be over.

Inside the Market Masters chat room, you will receive:

  • Live stock alerts and scanner results

  • Real-time market commentary

  • Options ideas and important trading levels

  • Updates when a setup strengthens, weakens or should be avoided

Trade carefully,

Jeff

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