Riot Platforms and Marathon Digital Lead Crypto Stock Gains as Bitcoin Stays Above $30K

The price of bitcoin is now up by more than 80% so far in 2023.

AccessTimeIconApr 11, 2023 at 5:29 p.m. UTC
Updated Apr 11, 2023 at 8:42 p.m. UTC

Crypto-related stocks are having a second day of big gains after bitcoin (BTC) on Monday evening pushed through $30,000 for the first time since June 2022. At press time, it's managed to hold that advance, trading at $30,100.

Bitcoin miners Riot Platforms (RIOT) and Marathon Digital (MARA) are ahead 15% and 11%, respectively. Shares of smaller players Stronghold Digital (SDIG) and Iris Energy (IREN) are up by nearly 20%.

The big advance in bitcoin over the past two days has pushed MicroStrategy's (MSTR) holdings – 140,000 coins purchased at an average price of $29,803 each – back into profit. MSTR shares are higher by 7% on Tuesday.

Crypto exchange Coinbase (COIN) and Mike Novogratz's crypto merchant bank Galaxy Digital (GLXY.TO) are also each up by about 7%.

Bitcoin pulled out a tight range around the $28,000 level on Monday afternoon and then pushed through $30,000 for the first time since June 10, 2022 late Monday evening, rising to as high as $30,400. The crypto is now up more than 80% in 2023 after having started the year at about $16,500.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Stephen  Alpher

Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about