Strive confirms adding 1,355 BTC: the order was already completed—after hitting 86,300, I won’t chase
Let me make my stance clear first: this message is bullish, but it’s not a reason to chase. Strive’s 8-K filed with the SEC shows that the company bought 1,355 BTC between September 14 and 18 at an average execution price of about $79,475, totaling approximately $107.7 million including fees. As of the 18th, its BTC holdings rose from 25,000 BTC to 26,355 BTC. This figure isn’t a social-media hint—it’s confirmed by an official filing. Meanwhile, cash and cash equivalents increased from $204.2 million to $229.6 million, and Class A common shares rose from about 85.73 million to 87.80 million; the number of SATA preferred shares also continued to grow. For me, this set of data not only proves that the company treasury demand is still there, but also reminds everyone: buying BTC behind the scenes involves capital instruments and changes in share structure. You can’t just look at “how much they bought again” while ignoring financing costs and potential dilution.
Also, get the timing right: this batch of orders was completed no later than the 18th—it’s not that there’s another $107.7 million ready to deploy tonight. It can strengthen the mid-term demand narrative, but it can’t directly explain every subsequent bullish candlestick, nor can it be treated as the next round of confirmed buy orders. Earlier, Strategy’s addition of 950 BTC was also confirmed via an 8-K. Both companies disclosed on the same day, showing that corporate treasuries aren’t limited to a single buyer. But because the historical transactions are concentrated in a Monday disclosure, it’s also easy for sentiment to misread “already happened” as “will happen.”
On the chart, OKX BTC perpetuals are currently around $85,736, with a 24-hour range of $80,541–$86,320. Price has already reached my first observation level from the prior round—$85,830—and it pushed upward to touch $86,320, but $86,500–$87,000 hasn’t been truly completed yet. Funding rate is about +0.0020%, not crowded; open interest is around 30,935 BTC, with notional around $2.652 billion. After the 15-minute structure was quickly lifted from near $85,000, it ran into resistance at $86,320 and pulled back to the $85,700 area. This suggests bulls still have the initiative, but the risk/reward of chasing longs at higher levels has deteriorated. I didn’t directly treat corporate buys as a reason to chase on the spot before, and that discipline still holds: I’m only confirming that the price path reached the observation zone, not writing my plan as actual fills or profits.
If I were trading for myself, I’m staying flat (0 position) right now and not chasing directly above $85,700. The first plan: wait for a pullback to $85,280–$85,450 that holds (doesn’t break), then once the 15-minute chart re-closes above $85,750, try a long with 3% of principal using spot. First target $86,320; second target $86,800–$87,200. If it hits $86,320, cut one-third. If it spikes higher then falls back to $85,600, cut another half. If the 15-minute closes below $85,180, exit everything—this would mean my pullback/continuation assumption was wrong. The second plan is only a breakout trade: if it puts volume behind and holds above $86,320, then pulls back to $86,000 without breaking, I’ll follow with at most 2% of principal. If it falls back to $85,750, I’ll close and won’t let a false breakout expand losses. Conversely, if around $86,320 it fails twice and breaks down below $85,280 with volume, that’s when I’d consider a low-leverage short with at most 0.5% of principal, targeting $84,650 and $84,100; if it reclaims $85,850, stop loss immediately. None of the setups overlap, and I won’t take revenge-style trades.
$BTC
The above is only my personal market observation and does not constitute investment advice.
Let me make my stance clear first: this message is bullish, but it’s not a reason to chase. Strive’s 8-K filed with the SEC shows that the company bought 1,355 BTC between September 14 and 18 at an average execution price of about $79,475, totaling approximately $107.7 million including fees. As of the 18th, its BTC holdings rose from 25,000 BTC to 26,355 BTC. This figure isn’t a social-media hint—it’s confirmed by an official filing. Meanwhile, cash and cash equivalents increased from $204.2 million to $229.6 million, and Class A common shares rose from about 85.73 million to 87.80 million; the number of SATA preferred shares also continued to grow. For me, this set of data not only proves that the company treasury demand is still there, but also reminds everyone: buying BTC behind the scenes involves capital instruments and changes in share structure. You can’t just look at “how much they bought again” while ignoring financing costs and potential dilution.
Also, get the timing right: this batch of orders was completed no later than the 18th—it’s not that there’s another $107.7 million ready to deploy tonight. It can strengthen the mid-term demand narrative, but it can’t directly explain every subsequent bullish candlestick, nor can it be treated as the next round of confirmed buy orders. Earlier, Strategy’s addition of 950 BTC was also confirmed via an 8-K. Both companies disclosed on the same day, showing that corporate treasuries aren’t limited to a single buyer. But because the historical transactions are concentrated in a Monday disclosure, it’s also easy for sentiment to misread “already happened” as “will happen.”
On the chart, OKX BTC perpetuals are currently around $85,736, with a 24-hour range of $80,541–$86,320. Price has already reached my first observation level from the prior round—$85,830—and it pushed upward to touch $86,320, but $86,500–$87,000 hasn’t been truly completed yet. Funding rate is about +0.0020%, not crowded; open interest is around 30,935 BTC, with notional around $2.652 billion. After the 15-minute structure was quickly lifted from near $85,000, it ran into resistance at $86,320 and pulled back to the $85,700 area. This suggests bulls still have the initiative, but the risk/reward of chasing longs at higher levels has deteriorated. I didn’t directly treat corporate buys as a reason to chase on the spot before, and that discipline still holds: I’m only confirming that the price path reached the observation zone, not writing my plan as actual fills or profits.
If I were trading for myself, I’m staying flat (0 position) right now and not chasing directly above $85,700. The first plan: wait for a pullback to $85,280–$85,450 that holds (doesn’t break), then once the 15-minute chart re-closes above $85,750, try a long with 3% of principal using spot. First target $86,320; second target $86,800–$87,200. If it hits $86,320, cut one-third. If it spikes higher then falls back to $85,600, cut another half. If the 15-minute closes below $85,180, exit everything—this would mean my pullback/continuation assumption was wrong. The second plan is only a breakout trade: if it puts volume behind and holds above $86,320, then pulls back to $86,000 without breaking, I’ll follow with at most 2% of principal. If it falls back to $85,750, I’ll close and won’t let a false breakout expand losses. Conversely, if around $86,320 it fails twice and breaks down below $85,280 with volume, that’s when I’d consider a low-leverage short with at most 0.5% of principal, targeting $84,650 and $84,100; if it reclaims $85,850, stop loss immediately. None of the setups overlap, and I won’t take revenge-style trades.
$BTC
The above is only my personal market observation and does not constitute investment advice.
