Corporate treasuries continue to show strong confidence in the future of Bitcoin. Asset management firm Strive (NASDAQ: ASST) has announced the acquisition of 3,311 $BTC for approximately $280 million, at an average price of ~$84,500 per coin.
📊 Key Highlights of the Deal:
📈 Largest Purchase Since January: This acquisition represents their biggest weekly addition to crypto reserves in months.
🚀 Top Corporate Holder: With this move (along with recent additional purchases), Strive’s Bitcoin holdings exceed 35,000 $BTC , placing them among the top public companies holding Bitcoin on their balance sheet globally.
💼 "Bitcoin-First" Strategy: An increasing number of publicly traded companies are following an aggressive accumulation model using capital raises and warrant exercises to strengthen their balance sheets.
💡 Why Does This Matter for the Market?
Despite short-term price fluctuations and macroeconomic volatility, institutional buying pressure in the spot market continues to absorb supply and create a solid illiquid floor. When major institutional players accumulate in these price ranges, available supply on exchanges keeps shrinking.
👇 What’s your take? Do you think more Wall Street firms will join the race to accumulate Bitcoin for their treasuries? Drop your thoughts below!
#Bitcoin #BTC #CryptoNews #BinanceSquare #InstitutionalBuying #Strive $SOL
