Strive increased its BTC holdings by 1,375 coins last week, bringing its total to 24,531 BTC, yet the Strategy it has paused for buying remains inactive.
Strive Inc. is a company that provides Bitcoin custody services. Last week, it quietly bought 1,375 BTC, and now it holds 24,531 BTC. This company likes to accumulate coins slowly, but this purchase was rather sudden because they were still watching the market beforehand. Another Bitcoin custody firm called Strategy recently paused its buying plan due to tight funding. So now, Strive has become the largest player in the Bitcoin custody industry, surpassing many traditional funds.
Market impact
In the short term, Strive’s behavior as a large holder may make the market believe that Bitcoin demand is stable. In the medium term, the expansion of the custody industry suggests that institutions have confidence in holding Bitcoin long term. However, Strive itself has said that it is only storing the coins and does not plan to sell them right away. Therefore, any price stimulus may be limited; what it provides is more of an emotional support.
- Coin: BTC
- Direction: Neutral
- Duration: 12 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After a post similar to “Why Did Bitcoin Prices Rise Today?” (2024-11-20) was published, BTC’s 12h performance was +3.29%. Forecast: Neutral ❌ Wrong
# Crypto Market
⚠️ Not investment advice
Strive Inc. is a company that provides Bitcoin custody services. Last week, it quietly bought 1,375 BTC, and now it holds 24,531 BTC. This company likes to accumulate coins slowly, but this purchase was rather sudden because they were still watching the market beforehand. Another Bitcoin custody firm called Strategy recently paused its buying plan due to tight funding. So now, Strive has become the largest player in the Bitcoin custody industry, surpassing many traditional funds.
Market impact
In the short term, Strive’s behavior as a large holder may make the market believe that Bitcoin demand is stable. In the medium term, the expansion of the custody industry suggests that institutions have confidence in holding Bitcoin long term. However, Strive itself has said that it is only storing the coins and does not plan to sell them right away. Therefore, any price stimulus may be limited; what it provides is more of an emotional support.
- Coin: BTC
- Direction: Neutral
- Duration: 12 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After a post similar to “Why Did Bitcoin Prices Rise Today?” (2024-11-20) was published, BTC’s 12h performance was +3.29%. Forecast: Neutral ❌ Wrong
# Crypto Market
⚠️ Not investment advice
