Bitcoin Magazine
Strategy and Strive Announce $182.7 Million Bitcoin Buy as Price Surges Past $86,000
Bitcoin treasuries kicked off Monday with a bang, with Strategy and Strive announcing they scooping up a combined 2,305 BTC for $182.7 million.
Strategy said in a filing that it last week bought 950 bitcoins for $75.7 million — its first buy since August — and Strive snapped up 1,355 BTC for $107.7 million.
The announcement comes as the price of the biggest cryptocurrency surges. Bitcoin’s price recently stood at $86,008, a 6% 24-hour rise, after hitting as high as $86,282 earlier on Monday.
Strategy, the biggest corporate holder of bitcoin, also repurchased $174 million of its STRC perpetual preferred shares. The company has hit pause on buying this year to buy back its stock and build a cash reserve.
On some occasions, the company even sold small bits of its BTC stash — despite founder and chairman Michael Saylor famously preaching to “never sell your bitcoin.”
After a 10-week hiatus, the company started buying bitcoin again in the final week of August, scooping up nearly $370 million in the leading cryptocurrency.
Its bitcoin holdings now stand at 846,000 coins — worth $72.7 billion at today’s prices.
Strive has continued its buying every week, going up the rankings of companies holding bitcoin. The Nasdaq-listed company is now the fifth biggest corporate holder of the cryptocurrency with 26,355 BTC worth $2.2 billion.
Strategy’s stock (NASDAQ: MSTR) was trading 8% higher on Monday. Strive (NASDAQ: ASST) was trading slightly lower but on Friday hit above $30 per share — beating most targets given by Wall Street analysts.
Bitcoin treasury companies have had a rough 2026. Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto, and Empery Digital have all sold bitcoin this year to repay debt, fund operations or finance buybacks, while others have folded or pivoted to AI infrastructure as their share prices collapsed.
Bitcoin’s Monday surge comes despite key crypto legislation, the Clarity Act, getting blocked last week. The Federal Reserve also raised interest rates but investors have shrugged off the central bank’s move.
The coin’s price now sits over 30% below the all-time high it hit in October of $126,080.
This post Strategy and Strive Announce $182.7 Million Bitcoin Buy as Price Surges Past $86,000 first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
