Whales Make Waves: Strategy and Strive Drop $182.7M on Bitcoin, Fueling $86K+ Surge!
Bitcoin treasuries Strategy and Strive collectively purchased 2,305 BTC for $182.7 million, sparking a surge in the cryptocurrency's price. Strategy resumed buying after a hiatus, while Strive maintained consistent acquisitions, despite a challenging year for other Bitcoin treasury companies.
Bitcoin treasuries began the week with significant activity as public companies Strategy and Strive announced substantial new acquisitions of the cryptocurrency. Together, they scooped up a combined 2,305 Bitcoin (BTC) for a total of $182.7 million. Strategy, in a recent filing, disclosed its purchase of 950 bitcoins for $75.7 million last week, marking its first acquisition since August. Simultaneously, Strive acquired 1,355 BTC for $107.7 million, contributing to a notable surge in the cryptocurrency's market presence.
This announcement coincides with a robust uptrend in Bitcoin's price. The largest cryptocurrency's value recently stood at $86,008, reflecting a 6% increase over 24 hours, after peaking at $86,282 earlier on Monday. This upward momentum comes despite a challenging environment for many Bitcoin treasury companies throughout 2026, where several firms faced pressures leading to sales of their holdings.
Strategy, recognized as the biggest corporate holder of Bitcoin, also engaged in a significant financial maneuver by repurchasing $174 million of its STRC perpetual preferred shares. Earlier in the year, Strategy had paused its Bitcoin buying activities to focus on stock buybacks and building its cash reserves, even selling minor portions of its BTC stash contrary to founder Michael Saylor's famous