Strategy, Inc. shares traded higher on Wednesday along with other crypto-linked stocks in sympathy with overall market sentiment after the Federal Reserve decided to keep rates unchanged.

What To Know: The Federal Reserve opted to keep the federal funds rate steady at 4.25%-4.50%, which is the same decision the Fed made back in January.

The statement released this afternoon highlighted that the economy is still growing at a healthy pace, the labor market remains strong, but inflation remains slightly high. Federal Reserve Chair Jerome Powell held a press conference following the decision.

During the conference, Powell acknowledged recession risks may have risen in recent months but stated an imminent downturn remains unlikely, according to CNN. This acknowledgment, along with the Fed’s decision to maintain rates, comes amid shifts in economic policies, including tariffs imposed by President Donald Trump.

The Fed’s decision may have reassured investors the economy is not facing an immediate threat, boosting overall market sentiment and benefiting the crypto space. Notably, Bitcoin (CRYPTO: BTC) is trading at around $85,500, according to data from Benzinga Pro.

Strategy is the largest corporate holder of Bitcoin, and as of March it has 466,226 of the crypto, according to The Crypto Times. Strategy has spent $33.1 billion on Bitcoin, with an average buying price of $66,380 per Bitcoin, the outlet added.

MSTR Price Action: Strategy shares closed Wednesday up 7.43% at $304.23, per data from Benzinga Pro.

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