Strive Asset Management Company bought 1,375 bitcoins last week, worth about $109 million, pushing its preferred share issuance size closer to $1 billion. This marks the company’s third consecutive week of 5%+ growth, suggesting that its bitcoin allocation strategy is accelerating.

This news could affect the market through two channels: first, it directly increases spot demand for bitcoin; second, it signals to the market institutional investors’ confidence in bitcoin’s long-term value. With the bitcoin price near $79,000 (current quote: $79,026.35), such a large purchase may provide support for prices, especially when market sentiment is volatile.

Based on market data, Bitcoin’s four-hour drop is only 0.11%, while the volatility in Ethereum and Solana is also relatively low, indicating that the overall crypto market is in a relatively stable condition. Strive’s buying activity may help maintain this stability and even push prices upward, but its specific effect still needs to be observed in subsequent fund flows.

However, it’s worth noting that the size of Strive’s buy orders relative to Bitcoin’s total market capitalization is still small, and its impact may be more reflected in sentiment. In addition, the issuance of preferred shares nearing $1 billion may imply that some funds will be used to buy Bitcoin, but the exact proportion remains to be confirmed.

Next, investors should watch Strive’s subsequent position disclosures and whether other institutions will follow suit. If Bitcoin’s price fails to rise in response to this kind of news, it could mean the market has already priced in this positive development or that other suppressing factors are at play. Conversely, if the price breaks through key resistance levels, it may kick off a new round of upward movement.

Risk warning: This article is for information interpretation only and does not constitute investment advice.