Crypto stocks soared in overnight trading. Strategy up 16%; CleanSpark up 15.8%; MARA Holdings, Riot Platforms up 14%; Canaan up 13%; Coinbase, Bit Digital up 11%.

The cryptocurrency market roared into March with a rally, recouping some of the losses from the asset class’s worst month since 2022, after President Donald Trump once again talked up his plan for a strategic crypto reserve.

The inclusion of XRP and ADA tokens in Trump’s plan were surprising, according to Andrew Tu, head of sales at crypto market maker Efficient Frontier. Both tokens had huge rallies on Sunday, leading gains across most digital assets. Trump also said Bitcoin, Ether and Solana would be included in the reserve, helping those coins recover some of last month’s steep declines.

The announcements from Trump, which were made in posts on Truth Social, reconfirmed his loyalty to an industry that had showered him with donations and praise during his campaign following a crackdown on crypto companies under President Joe Biden’s administration.