Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade
Strategy bought 950 BTC for $75.7 million and Strive acquired 1,355 BTC for $107.7 million last week, bringing their holdings to 846,000 and 26,355 BTC, respectively. Bitcoin’s rise above $85,000 lifted corporate treasury holdings back above Glassnode’s estimated $80,500 average cost basis after a period of slower buying. Strategy’s rebound improves the value of its Bitcoin-heavy balance sheet, though its quarter-end accounting gains will depend on transactions and fair-value changes. The company also spent $174 million buying back preferred shares and used reserve funds for dividends and interest. Strive’s latest purchases are increasingly funded through preferred stock and warrant proceeds. Corporate Bitcoin accumulation remains concentrated among a small number of buyers.
