Strategy Surpasses 500,000 Bitcoin Holdings as Crypto Stocks Climb

TLDR

• Crypto stocks soared on Monday with Strategy (MSTR) up 10%, Coinbase up 7%, and mining companies like CleanSpark up 18%
• Bitcoin traded at around $87,350, up 2.2% in 24 hours, while Ethereum and Solana rose 4% and 6% respectively
• Strategy (formerly MicroStrategy) announced surpassing 500,000 Bitcoin in holdings, valued at $44.2 billion
• Markets rallied after indications that the Trump administration may soften its stance on tariffs
• Analysts noted growing connections between crypto and traditional finance, with companies expanding their offerings

Cryptocurrency-focused stocks experienced a major uplift on Monday as digital assets and other risk-based investments saw renewed interest. The rally came as the White House hinted at easing its position on trade tariffs against major trading partners.

Strategy, the company formerly known as MicroStrategy, saw its shares jump more than 10%. The stock closed at $335.72 according to Nasdaq data. Strategy trades under the ticker symbol ‘MSTR’.

The software company made headlines by announcing it had crossed a major milestone. It now holds more than 500,000 Bitcoin in its treasury. This makes it the largest corporate holder of the cryptocurrency.

Strategy’s current Bitcoin holdings amount to 506,137 coins. At current market rates, this translates to approximately $44.2 billion in value. The Tysons, Virginia-based company has been funding these purchases by selling its stock.

Coinbase, the largest cryptocurrency exchange in the United States, also benefited from the market upswing. Its stock, listed under NASDAQ: COIN, rose by 7% on Monday afternoon Eastern Time. Shares were trading at $203.

Public Bitcoin mining companies weren’t left out of the rally. Low-carbon miner CleanSpark (CLSK) saw an impressive 18% increase. Its stock reached $8.79 during Monday trading.

Other mining companies performed well too. Riot Platforms (RIOT) jumped nearly 10% to $9.69 per share. MARA Holdings (MARA) climbed 18% to reach $14.61 per share.

The broader U.S. stock market also traded higher on Monday. This followed reports that the Trump administration might narrow the scope of tariffs set to take effect on April 2. The tech-heavy Nasdaq index jumped 2.2% on the day.

Bitcoin, the largest cryptocurrency by market value, was trading at approximately $87,350. This represented a 2.2% increase over the previous 24 hours, according to data from CoinGecko. Other major cryptocurrencies also performed well.

Bitcoin Price on CoinGecko

Ethereum saw gains of more than 4% during the same period. Solana performed even better with a 6% price increase. These gains contributed to the overall positive sentiment in crypto markets.

Earlier in March, economic data provided some relief to worried investors. The Consumer Price Index, which measures inflation, came in slightly lower than expected. This encouraged markets that had been concerned about potential stagflation.

Stagflation occurs when an economy experiences rising prices but stagnant economic growth. President Donald Trump’s tariffs on Mexico, China, and Canada have contributed to these worries. These policies have partly offset the positive impact of his pro-crypto stance.

Trump Administration’s Mixed Impact on Crypto Markets

Bitcoin reached a new all-time high above $108,000 following Trump’s inauguration. This rally also boosted equity markets at the time. However, the cryptocurrency has retreated in recent weeks, at times falling below $80,000.

The Trump administration has taken several pro-crypto actions. These include reducing regulation and announcing plans for a special Bitcoin reserve. However, uncertainty remains around the details of the planned reserve.

Deutsche Bank analyst Marion Laboure told CNBC that crypto’s mixed performance in 2025 is partly due to these uncertainties. She also noted increasing interest in the tokenization of traditional finance.

Bernstein analysts predict growing connections between crypto and traditional finance. “We see a world where crypto exchanges will offer spot crypto, crypto derivatives, and tokenized equities, while broker platforms will also scale up their crypto services,” they wrote.

Despite recent gains, some crypto stocks remain down for the year. Coinbase, despite being called “the clear blue chip” in crypto by Rosenblatt analyst Chris Brendler, is still down about 22% year-to-date.

Robinhood (HOOD) climbed 9.6% on Monday, recovering some recent losses. The company recently launched a prediction markets product within its app, expanding its crypto offerings.

Mining company Hut 8 (HUT) rose more than 7.3% during Monday trading. Earlier this month, the firm announced acquiring 592 acres in Louisiana for a new data center. The project represents a $2.5 billion investment in a 300MW facility.

The correlation between Bitcoin and tech stocks remains strong. Standard Chartered analyst Geoff Kendrick suggested treating Bitcoin more like a tech stock than a hedge against market volatility. This advice reflects Bitcoin’s high correlation with the Nasdaq index.

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