Strive and Strategy shares rally as bitcoin climbs to $84,807

Shares of Strive and Strategy rose on Wednesday as bitcoin reached its highest price in two weeks, climbing more than 2% to near $84,500 and touching $84,807 in New York afternoon trading, its strongest level since October 7. Strategy, the largest corporate holder of bitcoin with more than $71 billion of the coin, closed up more than 7% at $153.48, while Strive jumped more than 13% to $30.75, its third straight higher close. Both are described as treasury stocks and leveraged bitcoin plays: their holdings’ value rises with the coin and can make raising new money easier. Bitcoin had dropped below $80,000 late the previous week.