Bitcoin has broken above $97,000 for the first time since late February, gaining 3.3% in the past 24 hours and up 14% since Liberation Day. U.S. stock markets also rallied, with the Nasdaq rising 2% today and the S&P 500 up 1%, recovering from the dip following President Trump’s Liberation Day tariff announcement.
Michael Saylor’s firm, Strategy (MSTR), surged past $400—its highest level in 2025—after a steep fall from its November highs. The company reports Q1 earnings tonight, and speculation is swirling about a potential new capital raise. Strategy recently completed its $21 billion at-the-market share sale, and Saylor has teased a possible announcement during the earnings call.
Some investors urge caution despite the rally. Lekker Capital’s Quinn Thompson noted, “They don’t usually ring a bell at the top,” in response to growing optimism around Strategy’s winning streak.