Investing.com-- Bitcoin rose on Tuesday, climbing above the $90,000 mark for the first time since early March as Michael Saylor’s Strategy increased its stake in the popular crypto.
Bitcoin rose 4.5% to $91,213 by 10:10 ET (14:10 GMT).
Saylor’s Strategy buys $555 mln Bitcoin
Strategy (NASDAQ:MSTR)- the world’s biggest corporate holder of Bitcoin- purchased 6,556 coins for about $555.8 million, a filing showed on Monday.
The acquisition brings Strategy’s total Bitcoin holdings to 538,200 coins, and was funded using stock offerings- a strategy that has funded a bulk of the company’s coin holdings.
More buy action from Strategy helped improve some sentiment towards Bitcoin, although the crypto was still nursing a tumble from record highs hit earlier this year. Bitcoin was also still trading down 5.6% so far in 2025, as sentiment was rattled by uncertainty over Trump’s policies.
Strategy had earlier in April flagged a nearly $6 billion unrealized loss on its digital asset holdings- an announcement that had rattled crypto markets.
Bitcoin ETFs see strongest daily inflow in almost three months
Spot Bitcoin ETFs saw their strongest single-day inflows in nearly three months on Monday, signaling a return of institutional interest after a period of subdued demand.
According to data from Farside Investors, the group of funds brought in a combined $381.3 million in net inflows—the highest daily total since January 30.
ARK 21Shares’ ARKB led the gains with $116.13 million in new capital, trailed by Fidelity’s FBTC, which attracted $87.61 million.
Crypto price today: altcoins track Bitcoin jump but gains limited
Broader crypto prices rose slightly on Tuesday after largely lagging Bitcoin in recent sessions. Risk appetite remained dismal in the face of a U.S.-China trade war and a growing rift between Trump and the Fed.
Trump over the weekend railed against Fed Chair Powell, calling on him to “preemptively” lower interest rates or risk damaging economic growth.
The President’s comments ramped up concerns over the independence of the Fed from the government, with reports suggesting that he was seeking a way to remove Powell before the Fed Chair’s term ends in May 2026.
Powell has so far signaled that the Fed will not cut interest rates soon, and that he plans to serve his full term.
World no.2 crypto Ether added 8% to $1,703.51, while XRP climbed 4% to $2.16.
Solana and Cardano advanced 5.7% and 5.6%, respectively, while Polygon jumped 7.5%.
Among meme tokens, Dogecoin leaped 9%, while $TRUMP jumped 7.5%.
Ambar Warrick contributed to this report.