Michael Saylor, the outspoken leader of Strategy, swiftly moved to dispel market fears after on-chain data showing $5.7 billion worth of Bitcoin transfers ignited rumors of a selloff.

Sora Ventures has launched an ambitious $1 billion Bitcoin treasury fund targeting Asian institutional adoption, marking a significant shift in regional cryptocurrency strategy.

MicroStrategy (MSTR) Stock Price closed 8.9 percent higher after a volatile session. MSTR opened at $245 and touched an intraday high at $263 before closing at $260.59.

Coinbase Global stock price closed 4.6 percent higher on Wednesday as cryptocurrency markets were also trading positive after a highly volatile week.

Coinbase Global stock opened the trading session at $316.90 and touched an intraday high at $326.3. The stock was trading around $315 levels at the market close.

Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure.