Strategy and Strive Expand Bitcoin Treasury Holdings
Strategy and Strive continued buying Bitcoin as corporate treasury demand showed signs of resilience despite falling share prices, debt pressure and tighter financing conditions. In the earlier reported week, Strategy bought 950 BTC for $75.7 million, while Strive purchased 1,355 BTC for $107.7 million. Their combined purchases totalled 2,305 BTC, worth about $183 million.
A later update showed even larger buying. Strategy acquired 1,665 BTC for $142.7 million, lifting its holdings to 847,666 BTC. Strive added 1,107 BTC for $94.5 million, taking its treasury to 27,462 BTC. Together, the companies bought 2,772 BTC, worth approximately $237.2 million based on the reported purchase values, although the article cites a combined figure of about $232.5 million.
The purchases came as Bitcoin recovered above $86,000 before trading near $83,409, while the average cost basis for listed Bitcoin treasury companies was estimated at about $80,500. The recovery returned much of the sector to unrealised profit. However, corporate Bitcoin accumulation has slowed sharply, with listed companies adding roughly 5,900 BTC over three months compared with about 89,000 BTC in July 2025.
Strategy also repurchased preferred shares and allocated funds to dividends and debt interest. It plans daily dividends across four preferred-stock programmes. Strive continues to finance Bitcoin purchases through preferred shares and warrant exercises. With Strategy shares down more than 50% and Strive down more than 30% over the past year, traders should monitor whether Bitcoin gains can outpace the cost of corporate financing. The buying is a modestly bullish signal for BTC, but it also highlights the liquidity and leverage risks of the treasury-company model.
Bullish
The direct effect on Bitcoin is modestly bullish because Strategy and Strive continue to remove BTC from the market, reinforcing long-term institutional and corporate demand. Their purchases may support sentiment and provide a floor during periods of weakness, particularly when Bitcoin trades above the sector’s estimated average cost basis.
The short-term impact is likely limited. The buying was disclosed after the transactions and may already be reflected in market prices. Bitcoin was also trading below its recent $86,000 high and had declined about 3% over the reported week, suggesting that corporate purchases alone have not created strong immediate momentum.
Longer term, the signal is mixed but still slightly positive. Slower treasury accumulation, falling share prices, debt obligations and the high cost of issuing preferred securities could force some companies to reduce holdings or sell Bitcoin. Such deleveraging could increase volatility and weaken demand. Traders should therefore track further treasury-company purchases, BTC’s ability to remain above the sector’s cost basis and signs of funding stress. These risks prevent a strongly bullish classification, but the continued buying supports a bullish bias for BTC.