Corporate Bitcoin treasuries just bought the dip again — and this time the smaller names are doing the heavy lifting.
Strive disclosed a 1,223 BTC purchase at an average of $81,734, lifting its treasury to 36,818 BTC — worth roughly $3 billion at current prices. That's its third buy in eight days, totaling 7,356 BTC. The financing behind it: a $700 million preferred offering settling October 20, expected to net about $630 million.
Strategy, the pioneer of this playbook, added a more modest 267 BTC — but its bigger move was buying back $193 million of its STRC preferred shares and expanding that buyback program from $2 billion to $3 billion.
The honest part: these purchases didn't move the market. Bitcoin sits at $82,084, up less than 1% on the day. Treasury buying is steady background demand, not a price catalyst.
Which treasury model breaks first if the dip keeps dipping — equity-funded or preferred-funded? NFA. DYOR.
$BTC #Bitcoin #Treasury
Strive disclosed a 1,223 BTC purchase at an average of $81,734, lifting its treasury to 36,818 BTC — worth roughly $3 billion at current prices. That's its third buy in eight days, totaling 7,356 BTC. The financing behind it: a $700 million preferred offering settling October 20, expected to net about $630 million.
Strategy, the pioneer of this playbook, added a more modest 267 BTC — but its bigger move was buying back $193 million of its STRC preferred shares and expanding that buyback program from $2 billion to $3 billion.
The honest part: these purchases didn't move the market. Bitcoin sits at $82,084, up less than 1% on the day. Treasury buying is steady background demand, not a price catalyst.
Which treasury model breaks first if the dip keeps dipping — equity-funded or preferred-funded? NFA. DYOR.
$BTC #Bitcoin #Treasury