Nasdaq-listed Bitcoin treasury company Strive bought just 29 $BTC from October 31 to November 6, at an average price of about $75,721, bringing its holdings to 43,153. With a position of over 40,000 coins, adding 29 in a week is practically the same as stopping purchases.
CEO Matt Cole said the purchase cost $2.2 million. In the same 8-K, the company’s cash and cash equivalents fell from $490.4 million to $487.6 million—a drop of $2.8 million in one week, roughly matching the amount spent on Bitcoin. There’s no sign of additional funds being moved around.
At this price level, marginal buying from treasury companies is already thin, so price support has to come from elsewhere. If the next 8-K still shows only a double-digit purchase, that would confirm they’ve stopped buying in this range.
#比特币 #BTC财库公司 #Institutional buying
CEO Matt Cole said the purchase cost $2.2 million. In the same 8-K, the company’s cash and cash equivalents fell from $490.4 million to $487.6 million—a drop of $2.8 million in one week, roughly matching the amount spent on Bitcoin. There’s no sign of additional funds being moved around.
At this price level, marginal buying from treasury companies is already thin, so price support has to come from elsewhere. If the next 8-K still shows only a double-digit purchase, that would confirm they’ve stopped buying in this range.
#比特币 #BTC财库公司 #Institutional buying