Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade
Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrencys rebound helped corporate balance sheets recover losses. Related Asset Bitcoin #1 BTC · $85,797.28 24-hour change: up 5.55% Loading price history… 24H Up 5.55% 7D Up 9.15% 30D Up 11.00% Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at an average price of $79,670, according to a regulatory filing Monday. The purchase returned its holdings to 846,000 BTC, acquired for a total of $63.8 billion at an average cost of $75,416. Strive Inc. separately bought 1,355 BTC for $107.7 million at an average price of $79,475 between Sept. 14 and Sept. 18, taking its treasury to 26,355 BTC. Cash and equivalents rose to $229.6 million over the same period. Related Company Strategy Business intelligence software Both purchases were made below Bitcoins latest market price. The token surged above $85,000 Monday, its highest level since January, extending a recovery of almost 30% from its August lows. The buying stands out because the broader corporate treasury trade has slowed sharply. Listed companies added about 5,900 BTC over the past three months, Glassnode said in a report last week. That









