Strive resumes Bitcoin buying with 1,800 BTC purchase after 10-week pause
Strive, a Nasdaq-listed asset manager, purchased 1,800 Bitcoin at an average price of $79,431 per coin, totaling approximately $143 million, per Decrypt. The purchase lifted Strive's total holdings to 23,156 BTC, elevating it to the fifth-largest public Bitcoin holder.
Strive, a Nasdaq-listed asset manager, purchased 1,800 Bitcoin at an average price of $79,431 per coin, adding approximately $143 million to its holdings, per Decrypt. The purchase marks the firm's first significant accumulation after a 10-week pause and elevates its total Bitcoin position to 23,156 BTC.
The acquisition signals a return to institutional Bitcoin accumulation at a major treasury firm, following a period of consolidation in the broader crypto market. Strive's renewed buying comes as Bitcoin traded in the $77,000 to $80,000 range over the preceding weeks.
After a 10-week buying pause, Strive resumed Bitcoin accumulation, suggesting renewed institutional appetite for Bitcoin as a corporate treasury asset following a period of market consolidation.
The timing and size of Strive's resumed buying activity will clarify whether institutional treasuries are entering a new accumulation cycle or treating the current price level as a tactical opportunity.
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