Strive adds 2,500 bitcoin to hit 19,000 BTC as Strategy sells
Strive acquired 2,500 bitcoin for $185.2 million at $74,092 per coin, boosting its total holdings to 19,000 BTC, just a day after Strategy turned seller.
Strive (ASST) has acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per coin, according to an 8-K filing. The purchase brings Strive's total bitcoin holdings to 19,000 BTC, just a day after Strategy turned seller in the market.
The new purchase was executed at a lower average price than Strive's last disclosed acquisition of 1,109 BTC at $76,989 on May 22, suggesting the company bought into the recent dip that has taken bitcoin from above $74,000 last week to roughly $70,800 by Tuesday morning, per CoinDesk data. Strive disclosed its quarter-to-date BTC yield at 23.0% and year-to-date yield at 36.7%, with an amplification ratio of 57.0%. The company also raised cash reserves to maintain an 18-month dividend reserve. For cryptocurrency traders, such large-scale institutional accumulation can signal confidence in bitcoin's long-term value, especially when contrasted with Strategy's selling. Traders can monitor these whale movements on NowPrice's live crypto dashboard to gauge market sentiment and potential supply dynamics.
Looking ahead, the divergence between Strive's buying and Strategy's selling may create interesting dynamics in the bitcoin market. Investors will watch for further filings from both companies, as well as broader market reactions to institutional flow patterns. The next key data point could be the weekly ETF flow reports, which often influence short-term price direction.