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

New details from CEO Matt Cole shed light on how the purchase was funded: roughly 70% of last week's raised capital came through SATA, whose notional outstanding balance has grown to $999 million. Cole said it is "time to break the $1 billion wall," underscoring the instrument's expanding role in Strive's accumulation machine. The pace of buying is also accelerating — in the prior week the company deployed $143 million for 1,800 BTC at a similar average price, a step up from the latest tranche's outlay. The contrast with Strategy persisted: while Strategy had resumed Bitcoin purchases eight days earlier after a pause of more than two months, it sat out this cycle and turned again to STRC repurchases, leaving Strive as the one extending its streak past 24,500 BTC.

The filing details show the STRC buyback was funded entirely from USD Cash — Strategy's separate, flexible dollar pool — which stood at $1.44 billion as of September 7, leaving the $5.10 billion USD Reserve reserved strictly for preferred dividends and debt interest. The repurchases were executed at an average of roughly $97.36 per share, implying Strategy bought back a security trading barely 2% below par, and $1.19 billion of capacity remains under the expanded authorization. No STRF, STRK, STRD or MSTR shares were repurchased, and no sales were made through the ATM programs, meaning the week generated no new capital for Bitcoin accumulation. MSTR closed September 8 at $136.52, down 4.40%, amid a broader decline in crypto-linked equities.

(as of 05:07 UTC) COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $82,300 resistance at 75/100, driven by the confluence of Fibonacci 0.000, the Donchian upper band and the swing high — the immediate gate sitting well above spot at $79,115.82. The near support at $77,049.26 scores 77/100 (EMA 20, Fibonacci 0.214, ATR lower band, S2), with $74,131.55 next at 76/100 (HVN, EMA 50, Ichimoku Kijun, Donchian lower band); a confirmed break below $77,049 would open $70,930 (64/100) and then $67,192.84 (59/100). Positioning looks crowded: funding at 0.0053%, open interest near $15.65 billion and a 1.38 long/short ratio (58.1% long) pair with a Greed-level Fear & Greed reading of 66, while RSI at 61.84 and the bearish MACD inside a broader uptrend — consistent with the recently confirmed golden cross — favor a squeeze through $82,300 toward the Fibonacci 1.272 extension at $88,124 if the week brings fresh corporate bids. For cycle context, see our Bitcoin Rainbow Chart guide.