Bitcoin Rebounds to $84,807, Driving Rallies in Corporate Treasury Holders Strategy and Strive

Bitcoin reached a two-week intraday high of $84,807 on Wednesday, driving strong rallies across publicly traded bitcoin treasury holders. Shares of Strategy surged over 7% to close at $153.48, while Strive climbed more than 13% to finish at $30.75. The digital asset's rebound above $80,000 followed steady spot ETF inflows and continued corporate accumulation. Strategy acquired 267 BTC between October 12 and October 18 for $22.1 million, lifting its holdings to 848,517 BTC, and expanded its securities repurchase authorization to $3 billion. Strive added 4,045 BTC to reach 36,818 BTC while raising $630 million via preferred stock.