{"id":50920,"date":"2026-03-04T12:36:50","date_gmt":"2026-03-04T17:36:50","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=50920"},"modified":"2026-03-04T12:36:57","modified_gmt":"2026-03-04T17:36:57","slug":"strategy-mstr-coinbase-bitcoin-jumps","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/strategy-mstr-coinbase-bitcoin-jumps","title":{"rendered":"Strategy (MSTR), Coinbase (COIN) Surge as Bitcoin Pumps Near $73,000\u00a0"},"content":{"rendered":"
<\/div>\n

Shares of Strategy, Inc. (MSTR) jumped<\/a> 12.3% to $148.94 on Wednesday, marking a sharp rebound for the Bitcoin proxy after months of losses<\/a>.\u00a0<\/p>\n\n\n\n

Coinbase Global (COIN) rose 16.2% to $211.84, extending its recent rally, while Robinhood Markets (HOOD) gained 8.5% to $82.50. <\/p>\n\n\n\n

The moves comes as Bitcoin surged<\/a> past $73,000 this morning, hitting a one-month high after recovering from six straight weekly losses and five months of declines.<\/p>\n\n\n\n

The rebound came as traders covered bearish bets and adjusted positions, following heavy shorting amid fears of an escalating conflict in Iran.<\/p>\n\n\n\n

Bitcoin mining and crypto services stocks also advanced. Galaxy Digital Holdings (GLXY) climbed 15% to $23.78, underscoring the broader sector\u2019s sensitivity to Bitcoin momentum. Marathon Digital (MARA) rose 6.76% to $9.24 today, adding $0.59 per share.<\/p>\n\n\n\n

Broadly speaking, many crypto-related stocks and altcoins are following Bitcoin\u2019s lead and posting strong green days. <\/p>\n\n\n\n

Earlier this week, Strategy purchased<\/a> 3,015 bitcoin for around $204 million, raising its total holdings to 720,737 BTC acquired at an average of $75,985 per coin. The current bitcoin price is getting near to that average. <\/p>\n\n\n\n

Bitcoin moves after Coinbase meets with President Trump<\/h2>\n\n\n\n

Yesterday, President Donald Trump met privately<\/a> with Coinbase CEO Brian Armstrong. The meeting came just before Trump criticized banks for blocking progress on cryptocurrency legislation, aligning with Coinbase\u2019s stance. <\/p>\n\n\n\n

On Truth Social, Trump said banks \u201cneed to make a good deal with the Crypto Industry\u201d and called it unacceptable that the recently passed GENIUS Act is \u201cbeing threatened and undermined by the Banks.\u201d<\/p>\n\n\n\n

The dispute revolves around whether crypto exchanges can offer rewards programs that pay annual percentage yields on stablecoins, digital tokens pegged to $1. <\/p>\n\n\n\n

Banks argue such yields could siphon deposits from traditional accounts, threatening lending operations, and are pushing for a ban in pending Senate legislation. Coinbase and other digital asset firms oppose restrictions, claiming they would stifle innovation and competition.<\/p>\n\n\n\n

In January, Armstrong opposed amendments to the crypto bill limiting stablecoin rewards. Senate markup of the legislation was postponed, leaving the bill stalled. <\/p>\n\n\n\n

The White House has attempted mediation between banks and crypto firms, but no resolution has been reached.<\/p>\n\n\n\n

At the time of writing, Bitcoin is trading above $73,000 with an intraday high of $73,800. It is up roughly 8% on the day. <\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Strategy, Inc. (MSTR) and Coinbase (COIN) jumped on Wednesday, marking a sharp rebound for the Bitcoin proxies after months of losses.\u00a0<\/p>\n","protected":false},"author":3817,"featured_media":50921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[192,190,185,4284,345,5440],"class_list":{"0":"post-50920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-brian-armstrong","9":"tag-coinbase","10":"tag-michael-saylor","11":"tag-mstr","12":"tag-price","13":"tag-strategy"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/03\/Strategy-MSTR-Coinbase-COIN-Surge-as-Bitcoin-Pumps-Near-73000-.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=50920"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/50920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/50921"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=50920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=50920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=50920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}