#本周strategy与strive增持2305枚btc Two giants add to their positions, while industry peers are selling
The “Strategy + Strive total increased holdings by 2,305 BTC” disclosed on 9/21 looks like institutions are collectively bullish—but the real 2026 plot is a major split in corporate treasuries. These two are scooping the dip; more peers are selling BTC to repay debts or even shutting down and pivoting to AI. 2,305 is a signal from survivors, not from the whole market.
Note: This is disclosed on 9/21 and the topic page is resurfacing today (9/27). Don’t treat it as breaking news.
📊 Verified facts:
• Total: 2,305 BTC, costing $182.7 million (Bitcoin Magazine / Foresight / Zhitong all agree)
• Breakdown: Strategy 950 BTC / $75.7 million (avg price 79,670; first buy since August, ending a 10-week pause); Strive 1,355 BTC / $107.7 million (avg price 79,475; maintaining weekly purchases)
• Bought near 79.5k; on Monday BTC surged to 86,000 (new high in 1 month, up 30% from the August low) → unrealized gain of about 8%
• Holdings: Strategy 846,000 BTC (world #1); Strive 26,355 BTC (5th)
• Contrast: Glassnode shows corporate holdings net increased by only ~5,900 BTC over the past 3 months, while in July 2025 corporations attracted 89,000 BTC in a single month—shrinking by nearly 15x
• 2026 liquidation list: Satsuma, Smarter Web, Sequans, Nakamoto, Empery Digital all sold BTC to repay debts/operate; some shut down or pivot to AI
• Hidden risks: Strategy concurrently repurchased $174 million worth of STRC preferred stock, and its cash pool fell from $1.3 billion to $1.05 billion; Strive relies on SATA preferred-stock financing (57.7% of the fundraise)
❄️ Three cold showers:
1) 2,305 is a concentrated signal, not a group signal—across the industry, there has been net selling. This number comes from only 2 firms; don’t assume the leaders represent everyone. 2) They bought the DIP, not the TOP—buying near 79.5k with a ~8% float gain is mean reversion, not unlimited ammo. Cash is declining, and Strive is using preferred-stock “blood transfusions.” Sustainability depends on whether BTC’s upside can cover financing costs. 3) The watershed is “survivors vs onlookers.” The question is whether other observing companies will follow—not what happens with these 2,305 BTC itself.
✅ Actionable:
• This is T1 fund flow, but confirm the trend by looking at the net-buy structure: a trend is only confirmed if a third and a fourth company follow.
• Watch two hard indicators: ① whether the overall monthly net buy of listed companies turns positive or expands, and ② Strategy’s cash pool vs the STRC buyback pacing (which determines how much more Saylor can buy)
The “Strategy + Strive total increased holdings by 2,305 BTC” disclosed on 9/21 looks like institutions are collectively bullish—but the real 2026 plot is a major split in corporate treasuries. These two are scooping the dip; more peers are selling BTC to repay debts or even shutting down and pivoting to AI. 2,305 is a signal from survivors, not from the whole market.
Note: This is disclosed on 9/21 and the topic page is resurfacing today (9/27). Don’t treat it as breaking news.
📊 Verified facts:
• Total: 2,305 BTC, costing $182.7 million (Bitcoin Magazine / Foresight / Zhitong all agree)
• Breakdown: Strategy 950 BTC / $75.7 million (avg price 79,670; first buy since August, ending a 10-week pause); Strive 1,355 BTC / $107.7 million (avg price 79,475; maintaining weekly purchases)
• Bought near 79.5k; on Monday BTC surged to 86,000 (new high in 1 month, up 30% from the August low) → unrealized gain of about 8%
• Holdings: Strategy 846,000 BTC (world #1); Strive 26,355 BTC (5th)
• Contrast: Glassnode shows corporate holdings net increased by only ~5,900 BTC over the past 3 months, while in July 2025 corporations attracted 89,000 BTC in a single month—shrinking by nearly 15x
• 2026 liquidation list: Satsuma, Smarter Web, Sequans, Nakamoto, Empery Digital all sold BTC to repay debts/operate; some shut down or pivot to AI
• Hidden risks: Strategy concurrently repurchased $174 million worth of STRC preferred stock, and its cash pool fell from $1.3 billion to $1.05 billion; Strive relies on SATA preferred-stock financing (57.7% of the fundraise)
❄️ Three cold showers:
1) 2,305 is a concentrated signal, not a group signal—across the industry, there has been net selling. This number comes from only 2 firms; don’t assume the leaders represent everyone. 2) They bought the DIP, not the TOP—buying near 79.5k with a ~8% float gain is mean reversion, not unlimited ammo. Cash is declining, and Strive is using preferred-stock “blood transfusions.” Sustainability depends on whether BTC’s upside can cover financing costs. 3) The watershed is “survivors vs onlookers.” The question is whether other observing companies will follow—not what happens with these 2,305 BTC itself.
✅ Actionable:
• This is T1 fund flow, but confirm the trend by looking at the net-buy structure: a trend is only confirmed if a third and a fourth company follow.
• Watch two hard indicators: ① whether the overall monthly net buy of listed companies turns positive or expands, and ② Strategy’s cash pool vs the STRC buyback pacing (which determines how much more Saylor can buy)
