Daily News 19

Tag: Bitcoin accumulation

  • Strive Buys Another 1,800 Bitcoin, Pushing Holdings Above 23,000 BTC

    Strive Buys Another 1,800 Bitcoin, Pushing Holdings Above 23,000 BTC

    Strive has added another 1,800 Bitcoin to its corporate treasury in a purchase worth $143 million, according to CEO Matt Cole. The company paid an average of $79,431 per Bitcoin, increasing its total holdings to 23,156 BTC.

    At Bitcoin’s price of approximately $78,000 at press time, Strive’s cryptocurrency holdings are valued at about $1.76 billion.

    Strive acquired an additional 1,800 $BTC for $143M at an average cost of $79,431 per bitcoin, bringing total holdings to ₿23,156.$ASST $SATA pic.twitter.com/6ztKhC4PFF
    — Matt Cole (@ColeMacro) August 31, 2026

    Strive accelerates Bitcoin accumulation

    Strive has increased the pace of its Bitcoin purchases in recent months. The company added another 1,110 BTC last week, as previously reported.

    Cole also published a chart on X showing Strive’s acquisitions over roughly the past year. The chart indicates that the company has completed an increasing number of Bitcoin purchases since March.

    Strategy and Bitmine also expand crypto holdings

    Strive’s latest purchase is the third major cryptocurrency acquisition announced by a prominent company today.

    Strategy resumed its Bitcoin buying after a two-month pause, spending $370 million to acquire 4,603 BTC.

    Bitmine also expanded its cryptocurrency portfolio by purchasing 53,501 ETH. The former Bitcoin miner’s total Ethereum holdings have now surpassed 5.9 million ETH, representing 4.8% of the asset’s circulating supply.

    If you want to learn more about Strategy’s latest moves or the broader cryptocurrency market, watch our video below.

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  • Michael Saylor Hints at First Bitcoin Purchase in Two Months as Bitcoin Nears $79,000

    Michael Saylor Hints at First Bitcoin Purchase in Two Months as Bitcoin Nears $79,000

    Michael Saylor has hinted that Strategy may have made its first bitcoin purchase since June 22, as bitcoin approached $79,000.

    Bitcoin was up nearly 1% over the previous 24 hours and more than 2.5% from Friday’s low, following Federal Reserve Chair Kevin Warsh’s hawkish speech at Jackson Hole.

    Strategy executive chairman Saylor posted “We’re Back” on X, suggesting that the company may have resumed its bitcoin purchases after a two-month pause.

    Strategy shifts focus back to bitcoin purchases

    The bitcoin accumulation company had spent the past few months, beginning in May, selling part of its bitcoin holdings to strengthen its balance sheet. More recently, Strategy stopped selling bitcoin and instead sold MSTR shares to increase its U.S. dollar reserves. It also began buying back its preferred stock, STRC.

    Strategy now has nearly four years of preferred-dividend coverage. As a result, any new capital raised is likely to support additional bitcoin purchases and further STRC preferred-stock buybacks rather than increase the company’s U.S. dollar reserves.

    STRC climbed as high as $98 on Friday, but Strategy is likely to continue its buybacks in an effort to help the preferred stock return to $100.

    Read more: Strategy cuts net leverage to near zero as cash nearly matches convertible debt

    Source: cryptonews.net