Crypto-linked stocks rallied sharply on Wednesday as Bitcoin climbed above $73,000 and triggered broad buying activity. Strategy, Inc. jumped 12.3% to $148.94, while Coinbase Global advanced 16.2% to $211.84. Robinhood Markets also gained 8.5% to $82.50 as traders reacted to Bitcoin’s one-month high.
MSTR led the rally as shares climbed 12.3% to $148.94 during Wednesday trading. The stock rebounded after months of losses tied to Bitcoin weakness. Bitcoin moved past $73,000 earlier in the session and lifted sentiment across crypto equities.
Earlier this week, Strategy purchased 3,015 bitcoin for about $204 million. The company increased total holdings to 720,737 BTC at an average price of $75,985 per coin. The current Bitcoin price now trades close to that corporate average.
Traders covered bearish bets as Bitcoin reversed six straight weekly losses. The price recovery followed five consecutive months of declines in the digital asset. Market participants adjusted positions after heavy shorting linked to fears of escalating conflict in Iran.
Bitcoin mining and crypto services firms also posted gains during the session. Galaxy Digital Holdings rose 15% to $23.78 as Bitcoin momentum strengthened. Marathon Digital increased 6.76% to $9.24 and added $0.59 per share.
COIN climbed 16.2% to $211.84 and extended its recent upward trend. Robinhood Markets followed with an 8.5% rise to $82.50. Many crypto-related stocks and altcoins tracked Bitcoin’s advance and closed in positive territory.
On Tuesday, President Donald Trump met privately with Coinbase Chief Executive Brian Armstrong. The meeting occurred shortly before Trump criticized banks over cryptocurrency legislation. Trump wrote on Truth Social that banks “need to make a good deal with the Crypto Industry.”
He also said it was unacceptable that the GENIUS Act faced threats from banks. The dispute centers on whether crypto exchanges can offer stablecoin rewards with annual percentage yields. Stablecoins are digital tokens that remain pegged to one dollar.
Banks argue that such yields could pull deposits from traditional accounts and reduce lending capacity. Therefore, banking groups have pushed for a ban within pending Senate legislation. Coinbase and other digital asset firms oppose those limits and argue they restrict competition.
In January, Armstrong opposed amendments that would limit stablecoin rewards programs. Senate lawmakers later postponed markup of the bill and left the legislation stalled. The White House has attempted mediation between banks and crypto firms without reaching an agreement.
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