Strive's "Hint" Is Just Their Weekly Routine
A headline's circulating calling this breaking news. Strive's CEO hinting at more Bitcoin buying, tagged with their slogan "Strive for Amplified Bitcoin."$BTC
That slogan isn't new, tbh. I found it sitting in Strive's own investor presentations as far back as March.
And "buying more Bitcoin" isn't really a hint. It's what this company does almost every week, disclosed through routine SEC filings.
Strive bought 1,355 BTC in mid-September. Then 1,107 BTC the week after. Total holdings now past 27,400 coins.
Before that, roughly 5,048 BTC came through an all-stock acquisition of Semler Scientific.
I think the price trend inside those purchases is worth a quiet look too.
Average buy prices moved from around $59,850 in late June up to $94,761 by quarter-end. Then back to $79,000-85,000 by September.
Strive's also booked real GAAP losses tied to Bitcoin's price moves along the way.
Not calling the strategy wrong here. It's consistent, fully disclosed, all year.
Just noting, an established weekly pattern dressed up as a fresh "hint" tends to do more for engagement than it does for anyone actually looking for new information.
A headline's circulating calling this breaking news. Strive's CEO hinting at more Bitcoin buying, tagged with their slogan "Strive for Amplified Bitcoin."$BTC
That slogan isn't new, tbh. I found it sitting in Strive's own investor presentations as far back as March.
And "buying more Bitcoin" isn't really a hint. It's what this company does almost every week, disclosed through routine SEC filings.
Strive bought 1,355 BTC in mid-September. Then 1,107 BTC the week after. Total holdings now past 27,400 coins.
Before that, roughly 5,048 BTC came through an all-stock acquisition of Semler Scientific.
I think the price trend inside those purchases is worth a quiet look too.
Average buy prices moved from around $59,850 in late June up to $94,761 by quarter-end. Then back to $79,000-85,000 by September.
Strive's also booked real GAAP losses tied to Bitcoin's price moves along the way.
Not calling the strategy wrong here. It's consistent, fully disclosed, all year.
Just noting, an established weekly pattern dressed up as a fresh "hint" tends to do more for engagement than it does for anyone actually looking for new information.
