Strategy and Strive Buy $183M in Bitcoin as Price Rallies Past $85,000
Strategy Inc. and Strive acquired approximately $183 million in Bitcoin last week, with Strategy alone purchasing 950 BTC for $75.7 million at an average price of $79,670. The purchases mark a return to corporate treasury buying as BTC recovered recent losses.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Corporate Treasuries Resume Buying
Strategy Inc., the largest corporate holder of Bitcoin, and Strive announced combined purchases of roughly $183 million in BTC last week. Strategy acquired 950 BTC between September 14 and 20 at an average price of $79,670, according to regulatory filings. The purchase totaled $75.7 million, with Strive accounting for the remainder of the combined figure.
Market Context
The timing of the purchases coincided with Bitcoin's recovery to above $85,000, according to CryptoSlate, with Bitcoin Magazine reporting the price surpassed $86,000 during the period. The rebound helped corporate balance sheets recover from earlier declines. The activity signals renewed appetite among major institutional holders to add to positions at higher price levels.
Broader Treasury Trend
These acquisitions underline an ongoing pattern of major corporations using Bitcoin as a treasury asset. Strategy Inc. remains the largest publicly disclosed corporate holder, and the regular cadence of purchases by both firms suggests sustained confidence in Bitcoin as a store of value despite near-term price volatility.
Why It Matters
For Traders
Sustained buying by mega-cap treasuries during rallies suggests institutional conviction may provide support during pullbacks, though treasury purchases are typically strategic rather than market-timing signals.
For Investors
Corporate adoption of Bitcoin as treasury reserves normalizes as major holders integrate BTC into balance sheets without fanfare, signaling institutional acceptance is routine rather than exceptional.
For Builders
Ongoing corporate treasury buying validates Bitcoin's narrative as store of value and may reduce downside pressure over multi-month horizons, stabilizing network participation via longer-term holder accumulation.
This article is for information only and is not financial advice. Read the full disclaimer.
