Shares of Strategy, Inc. (MSTR) jumped 12.3% to $148.94 on Wednesday, marking a sharp rebound for the Bitcoin proxy after months of losses. 

Coinbase Global (COIN) rose 16.2% to $211.84, extending its recent rally, while Robinhood Markets (HOOD) gained 8.5% to $82.50. 

The moves comes as Bitcoin surged past $73,000 this morning, hitting a one-month high after recovering from six straight weekly losses and five months of declines.

The rebound came as traders covered bearish bets and adjusted positions, following heavy shorting amid fears of an escalating conflict in Iran.

Bitcoin mining and crypto services stocks also advanced. Galaxy Digital Holdings (GLXY) climbed 15%…

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