Strive, Strategy Shares Jump as Bitcoin Price Eyes $85K

Shares of bitcoin treasury companies Strategy and Strive surged Wednesday, extending gains as bitcoin rebounded to hit its highest price in two weeks and investors weighed fresh BTC acquisitions and financing moves by the two publicly traded firms. Strategy (Nasdaq: MSTR), the largest corporate holder of bitcoin with over $71 billion in holdings, climbed more than 7% to finish at $153.48 on Wednesday, while Strive (Nasdaq: ASST) jumped more than 13% to finish at $30.75, per data from Yahoo Finance. The gains followed another strong session Tuesday, when Strategy rose nearly 5%, and Strive advanced nearly 6%.