Strive Buys 1,107 Bitcoin (BTC) for $94.5M, Total Holdings Near 27,500

Strive Adds 1,107 BTC

Strive has extended its weekly buying streak, with CEO Matt Cole confirming the purchase of an additional 1,107 Bitcoin (BTC) for roughly $94.5 million — an average entry near $85,400 per coin. The acquisition lifts the company's total treasury to 27,462 BTC, according to purchase-tracking data. Blended across every tranche, Strive's cost basis now sits around $80,862 per BTC. With Bitcoin changing hands near $83,300, the stack is valued at approximately $2.3 billion, leaving only a modest paper gain. Notably, the firm has disclosed at least nine consecutive weekly buys, including weeks when larger corporate Bitcoin holders paused or trimmed — and it partly funds purchases through SATA, a perpetual Series A preferred stock with a variable yield.

BlackRock Moves $127M via Coinbase Prime

On-chain data captured a strikingly fast institutional rotation: within a 40-minute window, BlackRock accumulated and withdrew $126.95 million in digital assets from Coinbase Prime. The transfer split into 1,150 BTC worth $95.43 million and 11,840 ETH worth $31.52 million, a footprint consistent with the whale-scale custody flows behind its spot ETF operations. Large Coinbase Prime withdrawals in short bursts are typically read as assets moving into cold storage or between internal custody vehicles rather than as sell-side positioning, though the destination wallets alone cannot confirm intent.

Strategy Extends Its Stack

Michael Saylor disclosed that Strategy added 1,665 BTC in the latest period while also repurchasing $152 million of its STRC preferred shares. As of September 27, the company holds 847,666 BTC — by far the largest corporate position — alongside $6.02 billion in dollar reserves. The parallel STRC buyback matters for the accumulation model: retiring preferred stock tightens the capital structure that funds ongoing coin purchases. For readers tracking the corporate strategic Bitcoin reserve race, Strategy's cadence now alternates with newer entrants like Strive rather than running unchecked ahead of them.

Bitget Post-Hack Recovery

Bitget CEO Gracy Chen, in a community livestream, offered the first full account of the exchange's roughly $380 million security breach: attackers exploited a vulnerability in a third-party security product to steal internal network credentials, then injected forged withdrawal commands that bypassed risk checks. She stressed that no private keys were compromised and cold wallets stayed untouched, with a detailed technical report to follow. Verified losses fall within the protection fund's coverage, and Bitget plans to replenish the fund to its $300 million baseline within a week. As our related coverage of Bitget resuming Bitcoin withdrawals after the hack details, BTC withdrawals are live again, with ETH and USDT rolling back on the published schedule.

Bitmine Keeps Accumulating ETH

The accumulation wave is not confined to Bitcoin. Bitmine added 17,362 ETH over the past week, lifting total holdings to 6,001,302 ETH as of September 27 — about 4.9% of Ethereum's 122.1 million coin supply, roughly 98% of the way to its 5% target. Approximately 5.067 million of those coins, or 84% of the position, are already staked, and the company values its combined crypto, cash and other investments near $17.2 billion. The pace mirrors the corporate BTC playbook covered in our Ethereum and Bitcoin treasury tracking.

Rug Pulls Hit Robinhood Chain

On-chain analyst Wazz traced 53 token launches on the newly active Robinhood Chain to what appears to be a single serial rug-pull operator that extracted about $18.43 million in roughly two months. Forty-five of the launches are linked by recycled proceeds funding the next deployment, four signed distributions with the same private key, and four funneled funds into one collection wallet. Most launches saw 70 to 200 connected wallets snatch over 70% of supply, largely via Pons V2 — with CRUMBS, LEGS and PINK pulling roughly $3.12 million, $2.9 million and $1.44 million respectively. Some operators even pre-launched fake contracts to bait buyers before publishing the real address. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

Treasury Accumulation Signal

Read together, the day's flow paints one arc: disciplined accumulation at the top of the market, running in parallel with security stress and low-level scams further down the stack. Our reading of the on-chain evidence — the Coinbase Prime outflow records and the purchase disclosures themselves — is that BlackRock's $95.43 million BTC withdrawal and Strive's ninth straight weekly buy reflect conviction positioning, not opportunistic dips, while Strategy's 847,666-coin base keeps absorbing supply for long-term holders. Exchange recoveries like Bitget's matter here too: orderly custody operations are what let these treasury flows execute at all. Watch whether Strive's cadence holds if price tests its $80,862 blended cost basis — that level is now a real demand marker for Bitcoin.