Read more
5:13 PM · 11 April 2023

Crypto stocks on the wave of Bitcoin gains

-
-
Open account Download free app

Bitcoin's breakout above the psychological barrier of $30,000 has sparked a powerful rally in the shares of listed companies with significant exposure to the digital asset market. Companies such as Riot Blockchain (RIOT.US), Silvergate Capital (SI.US) and Coinbase (COIN.US) are trading up between 7% and 14%. 

 Bitcoin has already risen more than 90% from its low in early November 2022.

MicroStrategy (MSTR.US) is another company that is focusing investors' attention. Here, in addition to Bitcoin's sheer rally, market optimism is caught by the fact that the company's BTC investments have returned above the zone set by the average purchase price. The company purchased a total of about 140,000 bitcoin for $4.17 billion. This gave an average price of $29,803 per BTC. MicroStrategy co-founder and CEO Michael Saylor posted a comment on his Twitter feed today, declaring that "Bitcoin is Champion." 

Correlation of the MSTR valentine and Bitcoin on the D1 interval. Source: xStation5 

22 January 2026, 7:05 AM

Key support on Ethereum 💡

21 January 2026, 3:45 PM

US OPEN: Trump pivot lifts Wall Street sentiment

21 January 2026, 1:12 PM

Nvidia chart warning?🔎 Head-and-shoulders pattern takes shape

21 January 2026, 12:13 PM

Technical analysis: DE40 sell-off deepens 🚨German stocks under pressure

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits