CRCL, COIN, MSTR Stocks Rise as Bitcoin Surges Past $80K Following Trump’s ‘Project Freedom’ Announcement

May 4, 2026

Bitcoin experienced a surge in value, reaching a peak of $80,500 during intraday trading and settling around $79,700. This increase led to a rally in large-cap cryptocurrency-related stocks such as Circle Internet Group, Coinbase Global, and Robinhood Markets. Michael Saylor-backed Strategy and peer Strive also saw positive movements in pre-market trading.

The surge in Bitcoin’s value can be attributed to President Donald Trump’s announcement of ‘Project Freedom’ in a post on Truth Social. This project aims to assist cargo ships stranded in the Strait of Hormuz, specifically those from countries not involved in the Middle East conflict. President Trump mentioned that the operation is scheduled to begin on Monday.

Subsequently, the stocks of Michael Saylor-backed Strategy (MSTR), Coinbase Global (COIN), and Circle Internet Group (CRCL) experienced an uptick in pre-market trading following Bitcoin’s surge to over $80,000. Bitcoin’s price increase of 1.6% in the last 24 hours prompted a shift in retail sentiment on Stocktwits from ‘neutral’ to ‘bullish.’

In line with the rise in Bitcoin, the stock price of MSTR increased by 3.32% in pre-market trading, although retail sentiment remained neutral. Vivek Ramaswamy-backed Strive (ASST), following the Bitcoin acquisition strategy of Michael Saylor, saw a rise in stock price of nearly 2% in pre-market trading, despite trending sentiment in ‘bearish’ territory.

Among large-cap cryptocurrency stocks, CRCL, COIN, and HOOD led the gains, with CRCL’s stock rising by as much as 5.5%, COIN’s by 4.1%, and HOOD’s by 3.38%. Retail sentiment around these stocks varied, with CRCL trending bearish, COIN neutral, and HOOD extremely bullish. Chatter levels were significantly elevated, especially around HOOD.

Smaller-cap stocks such as Eric Trump-backed American Bitcoin Corp (ABTC) and Hut 8 Corp (HUT) also experienced positive movements in pre-market trading ahead of their earnings reports. ABTC rose by 3.29%, while HUT increased by 2.23%. ABTC’s sentiment trended neutral, while HUT’s sentiment was bearish, alongside normal chatter levels for both stocks.

Overall, the upward trend in the cryptocurrency market, fueled by Bitcoin’s surge, has translated into gains for various crypto-related stocks. Investors are keeping a close watch on these developments, especially as more companies are set to report earnings in the coming week.