Strive bought 2,000 BTC between September 28 and October 2 at an average of $84,422, its largest purchase in four months. Total holdings now 29,462 BTC.
Here's the detail most headlines skip, honestly.
Strive's overall average cost basis sits at $90,170 per coin. Bitcoin's trading around $86,000 right now. This specific purchase, and the position as a whole, is sitting on a paper loss at current prices, even as the buying continues.
Worth being fair here too, tbh. Strive's own filings show the dollar value of its holdings is still up roughly 48% since July, a paper loss against cost basis and a real gain over a longer window are both true at once.
Not calling the strategy wrong here. Just noting "biggest buy in 4 months" and "bought at a loss relative to average cost" are both true about the same transaction.