Strive Acquires 1,110 Bitcoin in $81.5M Treasury Buy

BitMine Builds 5.85M ETH Stack

BitMine Emergent Technologies now holds 5,847,611 ETH in its treasury, equal to 4.79% of all ether in circulation — a tighter grip on the leading altcoin than Michael Saylor's Strategy ever achieved over Bitcoin, according to treasury data on CoinGecko. Chairman Tom Lee said during a podcast interview that the company could reach its stated 5% target before the end of 2026. BitMine built the position in 14 months of uninterrupted weekly buying that began on June 30, 2025 — 60 straight weeks — while Strategy took six years to accumulate 840,447 BTC, or 4.19% of circulating supply. Lee credits a simple balance sheet: the stack was paid for with common stock rather than loans or convertible bonds. The timing has also been aggressive — ether traded near $2,480 on Monday, up about 30% for the week, and BitMine used that strength to complete its largest weekly ETH purchase since early July. The arithmetic is complicated by ether's expanding supply, which has grown by 85,893 ETH over the past 30 days to roughly 121.98 million. On that basis, a true 5% stake would require about 6.1 million ETH — roughly 251,000 tokens, or around $620 million at Monday's prices, more than BitMine holds today.

Strive's Treasury Jumps 5.5%

Strive, Inc. made its largest single-week Bitcoin acquisition in months, buying 1,110 BTC between August 17 and August 21 at an average price near $73,409 per coin, including fees and expenses, for a total of roughly $81.5 million — a price level far higher than the low-$60,000 prices the firm averaged through most of the summer. The purchase lifted the Dallas-based asset manager's treasury to 21,356 BTC, up about 5.5% from the 20,246 coins reported in mid-August, according to an 8-K filing submitted to the U.S. Securities and Exchange Commission. Investors responded immediately: shares of Strive (Nasdaq: ASST) traded more than 7% higher on Monday. The weekly total marks a sharp change in cadence — the firm bought 147 BTC in early August and 79 the following week, making last week's haul roughly five times those two rounds combined. Strive, which rebranded in 2025 as the first publicly traded asset-management bitcoin treasury company, funded the purchase with proceeds from at-the-market offerings of its ASST and SATA shares; cash and cash equivalents stood at $171.9 million, up from $154.1 million in July. The company, which completed an all-stock acquisition of Semler Scientific in January, is now the seventh-largest corporate Bitcoin holder among public companies.

Monday's disclosure extends a rapid build-out of Strive's balance sheet since spring: holdings have grown from 15,009 BTC in May to 21,356 BTC today, the firm's second major purchase in recent months. The acceleration tracks the rally in the underlying asset, which climbed nearly 25% last week, closed Friday at $77,387 and touched about $80,000 on Monday. The largest public corporate holder, by contrast, has stayed on the sidelines: Strategy has made no fresh purchases for close to two months, focusing on rebuilding its dollar reserves. Strive's chief executive, Matt Cole, said on Sunday that he holds “very strong” conviction that the bear market in Bitcoin has ended, citing price breakouts relative to both the dollar and gold. The market has rewarded the stance in share-price terms: ASST ended the week at $18.22, nearly 13% higher, and premarket trading Monday added more than 5%. The divergence between the two treasury strategies — one accumulating aggressively as prices rise, the other pausing to build dry powder — is now a central debate for investors tracking corporate Bitcoin demand.

$78,960 Resistance in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine puts Bitcoin's immediate ceiling at $78,960, rated 76/100 (STRONG), driven by the confluence of R1, Fibonacci 0.000 and the Donchian Upper and Bollinger Upper bands — the level capping spot at $78,806 at press time. The nearest floor, $75,249, scores 75/100, anchored by the flipped resistance-to-support level, Fibonacci 0.214 and the S2 pivot. Derivatives data signals no crowding yet: funding sits at 0.0015%, open interest at $15.23 billion, and the long/short account ratio at 1.02 (50.6% long), while the Fear & Greed Index reads 74/100 (Greed), RSI at 82 and MACD still bullish. The bullish scenario needs a sustained hold above $75,249 to attempt a daily close beyond $78,960; a break and daily close under $75,249 would invalidate the setup.