USBC Stock Spikes as a Thin Float Turns a Tokenized-Deposit Bet Into a Momentum Trade
USBC shares surged nearly 59% to $0.81 Tuesday, hitting $0.8824 intraday on over 71 million shares traded, despite no new company news. The move came as Bitcoin and crypto stocks fell, making USBC an outlier. Volume was almost six times the float, with short interest low. Traders cited the firm’s tokenized deposit plans and Bitcoin treasury strategy.