Strive Adds 1,375 Bitcoin (BTC) in $109M Treasury Buy While Strategy Pauses

Strive Extends Its Treasury Buying Streak

Strive, the US-listed Bitcoin (BTC) treasury company, added 1,375 BTC to its corporate reserve in a purchase worth roughly $109 million, according to a September 8 SEC filing we reviewed. The disclosure shows the firm accumulated the coins between August 31 and September 4, paying an average of $79,281 per Bitcoin once fees and expenses are included. With the latest tranche banked, Strive's total holdings climbed from 23,156 BTC on August 28 to 24,531 BTC by September 4 — cementing its place among the growing cohort of public companies building what amounts to a strategic bitcoin reserve on their balance sheets.

The timing is notable. Corporate whale buyers have been stepping in near the $79,000 level even as the sector's largest holder stayed silent for a full week, a divergence that says a lot about where new institutional demand is coming from. Strive's steady weekly cadence — rather than sporadic, price-chasing blocks — mirrors the accumulation playbook that long-term HODL strategies are built on, and it signals that mid-sized treasury firms are no longer waiting for the largest holder to validate the entry point. The filing also underscores the contrast with Strategy, which disclosed no Bitcoin purchases or sales across its own weekly window, a split in behavior we unpack below. For a treasury firm executing at an average of $79,281, the buy represents conviction that the current range is a viable accumulation zone, whatever the largest player does next.

Strategy's $176 Million STRC Pivot

Strategy (MSTR), the world's largest corporate Bitcoin holder, skipped its weekly BTC purchase this cycle and instead directed $176.3 million into repurchasing 1,810,085 shares of its STRC preferred stock, per an announcement that doubled the digital-credit buyback program to $2 billion. The repurchase ceiling for STRC and related securities was lifted from $1 billion to $2 billion, a clear signal that management wants the instrument pinned near its $100 par value. STRC — engineered to trade around that par level — slid to $75 during the summer selloff but recovered to roughly $98 by Friday's close, meaning buybacks executed now cost the company far less of a discount than they did at the trough.

The Bitcoin stack itself is untouched: Strategy holds 845,050 BTC against cumulative spend of $63.73 billion, for an average cost basis of $75,412 per coin, with $6.5 billion in cash still available for future deployment. Our reading of the sequencing is less flattering than the optics suggest — the company's most recent BTC tranche was filled above $80,000, after it had liquidated holdings when the price dipped near $62,000, effectively selling lower and re-entering higher. On the proof-of-work network's longest-horizon holders' scoreboard, that is the opposite of the buy-the-dip discipline the corporate treasury trade was founded on. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

$79,276 Resistance Caps the Range

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $79,276 resistance at 85/100, driven by the confluence of Ichimoku Tenkan, the R1 pivot and a fresh MACD cross — the immediate gate sitting just above spot at $78,828. The mirror support at $78,284 also scores 85/100 (EMA 20, Fibonacci 0.214, ATR lower band), and a confirmed break below it would invalidate the bullish range thesis, opening $76,264 (61/100) and then $72,927 (77/100). Above, $80,885 carries a 71/100 rating from ATR and Bollinger upper bands. Positioning looks crowded: funding at 0.0055%, open interest near $15.6 billion and a 1.40 long/short ratio (58.4% long) pair with a Greed-level Fear & Greed reading of 66, while RSI at 60.95 and the bearish MACD inside a broader uptrend — consistent with the recently confirmed golden cross — favor a squeeze through $79,276 toward $80,885 if the week brings fresh corporate bids. For cycle context, see our Bitcoin Rainbow Chart guide.