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On Apr. 22, Bitcoin finally broke free of the resistance around the $85,000 price level and exceeded the $91,000 mark since President Donald Trump began the tariff war on Apr. 2, which he dubbed “Liberation Day.”
Nobody was as excited about the latest Bitcoin rally as Michael Saylor, the Bitcoin bull and founder of MicroStrategy (Nasdaq: MSTR), rebranded to Strategy. “Bitcoin is Climbing,” he wrote on X (formerly Twitter).
Strategy is the world’s largest corporate holder of Bitcoin. As of now, the firm holds 538,200 BTC worth $48.8 billion.
The MSTR stock soared 9% to trade at $346.77 on Apr. 22, its highest point since early February.
Other crypto stocks also surged nearly 10% or more, thanks to the Bitcoin rally.
Hut 8 (Nasdaq: HUT), the prominent crypto mining firm, soared 12% to trade at $11.92 on the day. It is yet to scale back to its “Liberation Day” price, $13.63.
Robinhood Markets (Nasdaq: HOOD), the popular stock and crypto trading exchange, surged 8.44% to trade at $43.22. The stock's price already surpassed the Apr. 2 level a few days back.
MARA Holdings (Nasdaq: MARA), another well-known crypto mining firm, surged 10% to trade at $13.52 on the day.
Coinbase Global (Nasdaq: COIN), the leading crypto exchange in the U.S., rose 9.89% to trade at $192.31 on Apr. 22.
MARA and COIN stocks are currently trading at their highest points in April so far.
The U.S. markets also opened on positive notes. The Dow Jones Industrial Average (DJIA) index rose 2.63% to 39,174.94 points, the Nasdaq rose 3.10% to 16,363.35 points, and the S&P 500 rose 2.70% to 5,297.72 points on Apr. 22.
Bitcoin was trading at $90,809.40 at press time, as per Kraken's price feed.