Strive Buys More Bitcoin While Sitting on a $292 Million Paper Loss
Bitcoin (BTC) treasury agency Strive bought 1,110 BTC for roughly $81.5 million final week, lifting its treasury to 21,356 cash.
The buy lower Strive’s common value to $93,257 per coin from $94,345. However, its Bitcoin reserve nonetheless carries a paper lack of greater than $292 million.
Strive Keeps Buying While Its BTC Reserve Stays Underwater
The 1,110 cash mark Strive’s largest purchase since June 1, when it added 2,499 Bitcoin. It disclosed the acquisition in an 8-Ok filing with the Securities and Exchange Commission (SEC) on August 24.
The cash were acquired between August 17 and 21. The firm paid a mean of $73,409 per coin, inclusive of charges and bills. Strive made two smaller purchases earlier in August.
It added 147 cash within the first week and 79 within the second. Those buys value $14.5 million mixed, lower than a fifth of the most recent buy.
The agency has now spent $1.99 billion throughout 29 separate purchases since September 2025. It has by no means offered a coin. The reserve is presently valued close to $1.70 billion, or 14.66% beneath value.
The buy arrives as CEO Matt Cole argued that the downturn has ended. He cited Bitcoin breakouts against both the US greenback and gold.
“My conviction may be very robust that the Bitcoin bear market is over… seeing each relationships now flip increased collectively offers me extra confidence within the subsequent 12 to 18 months…” he stated.
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Strategy Moved the Opposite Way in August
Strive’s spending contrasts sharply with Strategy, which raised $3.28 billion by selling inventory in August and acquired no Bitcoin.
Strategy has offered 6,916 cash since its final buy on June 22. Its common value of $75,385 sits beneath present ranges, in order that place stays worthwhile.
Strive’s doesn’t. Bitcoin traded at $79,787 at press time. Strive subsequently wants a 17% achieve to succeed in its $93,257 break-even value. Thus, Cole’s conviction now carries a measurable price ticket.
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The submit Strive Buys More Bitcoin While Sitting on a $292 Million Paper Loss appeared first on BeInCrypto.