By Callum Keown

MicroStrategy and other crypto-exposed stocks jumped early Monday as Bitcoin climbed to start the week amid a broader market bounce.

Shares in MicroStrategy, which now does business under the name of Strategy, rose more than 5% ahead of the open. Heading into regular trading, the stock is up 5% this year -- so it's on track to double its 2025 gains in a single day. Cryptocurrency exchange Coinbase Global and trading platform Robinhood Markets were both up 4%.

That's because the price of Bitcoin is back up to $87,750, rising 3.6% over the past 24 hours, according to CoinDesk data. The world's largest cryptocurrency fell as low as $78,497 earlier this month.

MicroStrategy is the largest corporate holder of Bitcoin -- its total holdings rose to 499,226 Bitcoins in its most recent purchase update last week. Despite the cryptocurrency's recent volatility, MicroStrategy's bold bet remains a good one, at least for now.

The company paid $33.1 billion for its Bitcoin, at an average price of $66,360, according to its website. The value of its holdings stood at $43.8 billion early in the day.

Investors will soon learn whether MicroStrategy added to its Bitcoin hoard as the company typically provides an update every Monday.

Write to Callum Keown at callum.keown@barrons.com

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March 24, 2025 08:09 ET (12:09 GMT)

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