This week, Strategy and Strive together added another 2,305 “big pancakes” (BTC), yet the market front-end still softened first.
To break it down objectively: this isn’t the surface-level story of a single institution crazily hoarding. Strategy bought 950 BTC, at an average price of about 79,670, spending roughly $75.7 million. Its holdings returned to about 846,000 BTC—an increase of only about 0.11% relative to its own position. Strive bought 1,355 BTC, at an average price of about 79,475, spending roughly $107.7 million. Its holdings rose to 26,355 BTC—an increase of about 5.4%.
In total, the two added 2,305 BTC. The listed company’s overall cash-and-bitcoin holdings are about 1.273 million BTC. Strategy is still the #1 corporate holder, and Strive has moved into the top five.
Putting it together: on the large-holder side, it looks more like scheduled “top-ups” rather than outright aggression. Strive’s relative add-on is more aggressive, but its absolute size is still relatively light. The current BTC price is around 82,800; the day is down about 2.5%. Day high is 85,160 and day low is 82,600. Both institutional buying and soft selling/pressure have appeared at the same time, suggesting the narrative is being propped up while the price is still digesting leverage and interest-rate pressure.
Be clear: a weekly increase in holdings doesn’t automatically mean an immediate breakout. If you’re holding long positions, consider trimming a bit on rebounds between 83,800 and 84,500, and hold/absorb around 83,000. If it loses 82,600, admit the mistake. If you’re currently in cash, don’t rush to chase the first candlestick—wait for next week’s disclosure on whether it can be continued, and whether 83,000 can hold.
Watch two things: whether next week’s institutional disclosures show another lift, and the 83,000 line. Only when both line up should we talk about direction.
$BTC
To break it down objectively: this isn’t the surface-level story of a single institution crazily hoarding. Strategy bought 950 BTC, at an average price of about 79,670, spending roughly $75.7 million. Its holdings returned to about 846,000 BTC—an increase of only about 0.11% relative to its own position. Strive bought 1,355 BTC, at an average price of about 79,475, spending roughly $107.7 million. Its holdings rose to 26,355 BTC—an increase of about 5.4%.
In total, the two added 2,305 BTC. The listed company’s overall cash-and-bitcoin holdings are about 1.273 million BTC. Strategy is still the #1 corporate holder, and Strive has moved into the top five.
Putting it together: on the large-holder side, it looks more like scheduled “top-ups” rather than outright aggression. Strive’s relative add-on is more aggressive, but its absolute size is still relatively light. The current BTC price is around 82,800; the day is down about 2.5%. Day high is 85,160 and day low is 82,600. Both institutional buying and soft selling/pressure have appeared at the same time, suggesting the narrative is being propped up while the price is still digesting leverage and interest-rate pressure.
Be clear: a weekly increase in holdings doesn’t automatically mean an immediate breakout. If you’re holding long positions, consider trimming a bit on rebounds between 83,800 and 84,500, and hold/absorb around 83,000. If it loses 82,600, admit the mistake. If you’re currently in cash, don’t rush to chase the first candlestick—wait for next week’s disclosure on whether it can be continued, and whether 83,000 can hold.
Watch two things: whether next week’s institutional disclosures show another lift, and the 83,000 line. Only when both line up should we talk about direction.
$BTC