Two prominent public companies, Strategy and Strive, have significantly expanded their Bitcoin holdings by acquiring a combined 2,773 coins last week, totaling $232.5 million. These purchases are part of a renewed wave of accumulation among corporate treasuries, even as some industry peers have offloaded Bitcoin amid financial pressures.
Strategy boosts reserves and executes share buyback
Strategy, recognized as the largest corporate holder of Bitcoin, revealed on Monday that it purchased 1,665 BTC for $142.7 million. This acquisition marked Strategy’s second consecutive buy following a brief pause in its Bitcoin accumulation strategy. In addition to increasing its cryptocurrency reserves, the Nasdaq-listed firm repurchased $152 million worth of its preferred stock, STRC.
Following these latest transactions, Strategy’s total Bitcoin holdings now stand at 847,666 coins, valued at approximately $70.5 billion. The recent figures were detailed in a filing submitted to the Securities and Exchange Commission (SEC).
Strategy now holds a total of 847,666 BTC as part of its treasury reserves, following a $142.7 million purchase last week.
Strive’s growing Bitcoin portfolio
Strive, currently ranked as the fifth largest corporate Bitcoin holder, also reported notable activity, adding 1,107 BTC for $94.5 million last week. This purchase brings Strive’s total Bitcoin reserves to 27,462 coins.
Mini dictionary: Strive is a publicly listed company known for holding large Bitcoin allocations as part of its treasury. Unlike some of its competitors, Strive claims to operate without debt or margin, positioning itself to navigate volatile market conditions.
Despite industry headwinds, both public enterprises have continued to reinforce their commitment to Bitcoin as a treasury asset.
| Company | New BTC Acquired | Total Holdings | Value of Holdings | Stock Performance (Past Year) |
|---|---|---|---|---|
| Strategy | 1,665 BTC | 847,666 BTC | $70.5 billion | -50% |
| Strive | 1,107 BTC | 27,462 BTC | Not stated | -30% |
Industry context and shifting treasury models
A number of major corporate Bitcoin holders, including Satsuma, Smarter Web Company, Sequans, Nakamoto, and Empery Digital, have sold significant amounts of Bitcoin over the year to manage debt, finance operations, or execute share buybacks. Several companies have either exited the sector or shifted their focus toward artificial intelligence infrastructure as falling share prices prompted strategic realignments.
In this challenging environment, both Strategy and Strive have sought to reassure investors regarding their financial positions. Strategy’s CEO, Phong Le, defended the company’s decision to sell Bitcoin earlier this year, stating that those moves strengthened the company’s “bullet-proof balance sheet.” According to Le, choosing to sell when it did was “the right trade at the time.”
Strive CEO Matt Cole highlighted that the firm remains debt-free, maintains zero margin requirements, and holds unencumbered Bitcoin, describing the business as structurally equipped to handle high market volatility.
Strategy also announced plans to offer daily dividends on four preferred stock classes: STRF, STRC, STRK, and STRD.
Market outlook
Despite accumulation activity from key players, both Strategy and Strive have experienced notable declines in their stock prices over the past year. Strategy’s shares (MSTR) are down more than 50%, while Strive’s stock (ASST) has fallen by over 30%.
Meanwhile, Bitcoin recently traded near $83,409, reflecting a 3% decrease over the past week.
