Strategy and Strive Announce $182.7 Million Bitcoin Buy as Price Surges Past $86,000
Bitcoin Magazine Strategy and Strive Announce $182.7 Million Bitcoin Buy as Price Surges Past $86,000 The two top bitcoin treasuries made big BTC buys last week. This post Strategy and Strive Announ...
Bitcoin treasuries kicked off Monday with a bang, with Strategy and Strive announcing they scooping up a combined 2,305 BTC for $182.7 million.
Strategy said in a filing that it last week bought 950 bitcoins for $75.7 million — its first buy since August — and Strive snapped up 1,355 BTC for $107.7 million.
The announcement comes as the price of the biggest cryptocurrency surges. Bitcoin’s price recently stood at $86,008, a 6% 24-hour rise, after hitting as high as $86,282 earlier on Monday.
JUST IN: Public companies Strategy and Strive bought a combined 2,305 Bitcoin for $182.7 million.Strategy: 950 BTCStrive: 1,355 BTC pic.twitter.com/mE6UMolT7X
Strategy, the biggest corporate holder of bitcoin, also repurchased $174 million of its STRC perpetual preferred shares. The company has hit pause on buying this year to buy back its stock and build a cash reserve.
On some occasions, the company even sold small bits of its BTC stash — despite founder and chairman Michael Saylor famously preaching to “never sell your bitcoin.”
After a 10-week hiatus, the company started buying bitcoin again in the final week of August, scooping up nearly $370 million in the leading cryptocurrency.
Its bitcoin holdings now stand at 846,000 coins — worth $72.7 billion at today’s prices.
Strive has continued its buying every week, going up the rankings of companies holding bitcoin. The Nasdaq-listed company is now the fifth biggest corporate holder of the cryptocurrency with 26,355 BTC worth $2.2 billion.
Strategy’s stock (NASDAQ: MSTR) was trading 8% higher on Monday. Strive (NASDAQ: ASST) was trading slightly lower but on Friday hit above $30 per share — beating most targets given by Wall Street analysts.
Bitcoin treasury companies have had a rough 2026. Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto, and Empery Digital have all sold bitcoin this year to repay debt, fund operations or finance buybacks, while others have folded or pivoted to AI infrastructure as their share prices collapsed.
Bitcoin’s Monday surge comes despite key crypto legislation, the Clarity Act, getting blocked last week. The Federal Reserve also raised interest rates but investors have shrugged off the central bank’s move.
The coin’s price now sits over 30% below the all-time high it hit in October of $126,080.
Asanat Analysis — Why it matters
Strategy and Strive's combined $182.7M bitcoin purchase signals continued institutional accumulation despite BTC trading at elevated price levels. Both firms operate among the largest corporate bitcoin treasuries globally, and their buying at $86K+ suggests conviction that current valuations remain attractive—a notable signal given the price already reflects substantial 2024-2025 gains. This pattern of major holders buying into strength, rather than waiting for pullbacks, historically precedes sustained bull phases.
The timing matters: large treasury purchases often serve as leading indicators of broader institutional sentiment shifts. When mega-cap holders increase exposure at resistance levels, it can signal either confidence in fresh capital inflows or repositioning ahead of anticipated catalysts (regulatory clarity, spot ETF expansion, macro conditions). These moves also reduce float available to retail markets, potentially exacerbating volatility in either direction. The sector should monitor whether other S&P 500 firms or hedge funds follow suit—herd behavior among treasuries can compound momentum effects.