Strive (ASST) bought 3,311 BTC worth about $280 million between October 5 and 9 at an average price of roughly $84,500 per coin, its largest purchase since January, bringing total holdings to 32,773 BTC. The buy follows earlier purchases of $169 million and $94.5 million, and came as Bitcoin slid through a rough week to levels well below its recent highs near $87,000. The company also holds about 505,000 shares of Strategy's STRC preferred stock, valued near $50 million, plus roughly $310 million in cash. The article notes that such treasury strategies tie returns to a highly volatile asset, and that these firms have faced scrutiny over how much their stock premiums depend on continued buying.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.7T |
| Close on 10/12/2026 | 81,850.00 |
| Change that session | -2.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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