Strategy (MSTR), Coinbase (COIN) Surge as Bitcoin Pumps Near $73,000

Bitcoin's rise to nearly $73,000 boosts shares of Strategy (MSTR) and Coinbase (COIN), with significant gains noted in both companies amid market recovery.

Bitcoin's recent surge nearing $73,000 has injected new life into shares of companies closely tied to the cryptocurrency market. This rebound is notable as it comes after a prolonged slump that left many investors uncertain. Could this spike indicate a broader market recovery? What Happened to Strategy and Coinbase Shares? On March 4, 2026 , shares of Strategy, Inc. (MSTR) surged by 12.3% , hitting $148.94 . Similarly, Coinbase Global (COIN) saw a remarkable rise of 16.2% , climbing to $211.84 . Robinhood Markets (HOOD) also saw gains of 8.5% , reaching $82.50 . These increases mark a significant rebound for Bitcoin proxies after months of losses. Why is Bitcoin Pumping? The recent pump in Bitcoin prices has been fueled by several factors. Most notably, Bitcoin crossed the $73,000 mark, achieving a one-month high after enduring six consecutive weeks of losses. Traders are actively covering their bearish positions and adjusting their strategies in light of recent market developments. Could Geopolitical Tensions Be Influencing the Market? Concerns over escalating conflicts, particularly in Iran, have negatively impacted market sentiment in previous months. However, the current surge suggests that traders are moving past these concerns, optimistic that such issues won’t hinder Bitcoin's ongoing recovery. Which Companies Are Benefiting from the Bitcoin Surge? In addition to Strategy and Coinbase, other crypto-related firms are also reaping the benefits of Bitcoin's recovery. For instance, Galaxy Digital Holdings (GLXY) saw a jump of 15% to $23.78 , while Marathon Digital (MARA) rose by 6.76% , reaching $9.24 . This trend of green across Bitcoin-related stocks highlights their sensitivity to fluctuations in Bitcoin's price. What Role Did Strategy Play in the Bitcoin Market? Earlier this week, Strategy made headlines by purchasing 3,015 Bitcoin for approximately $204 million , raising its total holdings to an impressive 720,737 BTC at an average cost of $75,985 per coin .