🟠 BTC falls below $80,000, but Strive is buying the dip: adds 6,182 BTC after its IPO!
📌 CoinDesk reports: After completing its SATS preferred stock IPO (raising over $600 million), Strive spent about $511.4 million to buy another 6,182 BTC, bringing its total holdings to around 43,000 BTC, worth approximately $3.44 billion.
📉 Meanwhile, the market is cooling off: CoinGecko shows BTC at around $79,579, down 0.87% in 24h, and ETH at $2,297. The Fear & Greed Index is at 50 (neutral). BTC has mostly traded in a narrow range of $80,000–$86,000 over the past two weeks.
🧐 My take:
1️⃣ The flywheel of “public companies issuing preferred stock to buy crypto” is still spinning, but financing costs are a hard constraint. If prices stay flat for too long, the pressure will mount.
2️⃣ Ahead of Wednesday’s Fed decision, investors are leaning defensive. $82,500 was the level lost last week; until it’s reclaimed, this is still just consolidation.
3️⃣ Watch $79,000–$78,600 below and $81,000–$82,500 above.
👇 Do you think continued corporate buying can keep BTC above $80,000? Or should we wait until after the FOMC decision? Let’s talk in the comments.
$BTC $ETH
#比特币 #加密市场 #FederalReserve
For personal views only; not investment advice.
📌 CoinDesk reports: After completing its SATS preferred stock IPO (raising over $600 million), Strive spent about $511.4 million to buy another 6,182 BTC, bringing its total holdings to around 43,000 BTC, worth approximately $3.44 billion.
📉 Meanwhile, the market is cooling off: CoinGecko shows BTC at around $79,579, down 0.87% in 24h, and ETH at $2,297. The Fear & Greed Index is at 50 (neutral). BTC has mostly traded in a narrow range of $80,000–$86,000 over the past two weeks.
🧐 My take:
1️⃣ The flywheel of “public companies issuing preferred stock to buy crypto” is still spinning, but financing costs are a hard constraint. If prices stay flat for too long, the pressure will mount.
2️⃣ Ahead of Wednesday’s Fed decision, investors are leaning defensive. $82,500 was the level lost last week; until it’s reclaimed, this is still just consolidation.
3️⃣ Watch $79,000–$78,600 below and $81,000–$82,500 above.
👇 Do you think continued corporate buying can keep BTC above $80,000? Or should we wait until after the FOMC decision? Let’s talk in the comments.
$BTC $ETH
#比特币 #加密市场 #FederalReserve
For personal views only; not investment advice.
