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Strategy has repurchased 1,665 bitcoins for $142.7 million. This marks their second consecutive purchase after a brief pause. The machine is still running.
According to a filing with the Securities and Exchange Commission, Strategy now holds 847,666 bitcoins, with a total value of $70.5 billion. Simultaneously, the Nasdaq-listed company has also repurchased $152 million of its own preferred STRC shares — a move that goes almost unnoticed but speaks volumes about how the company manages its capital structure. Not just bitcoin. Active capital, moved quickly.
Strive, on the other hand, has spent $94.5 million for an additional 1,107 BTC.
Strive and Strategy: Two Purchases, One Logic
Strive is the fifth-largest holder of bitcoin globally. With these 1,107 BTC purchased last week, its total holdings rise to 27,462 bitcoins. Matt Cole leads Strive, and according to the company, the balance sheet is clean: zero debt, zero margin requirement. This is their main argument to investors who are concerned. No pressure to sell. No creditor knocking on the door.
In total, Strategy and Strive have absorbed 2,773 bitcoins in one week. Approximately $237 million spent in seven days, while other market players were doing exactly the opposite.
Because yes, not everyone is doing the same thing. Satsuma and Smarter Web Company have sold bitcoins this year — to pay off debts, finance buybacks, or simply survive market pressure. Some companies have even pivoted to AI infrastructure after their stocks took a hit. It’s a real signal of stress when a company abandons its main investment thesis because its stock price is falling.
Strategy and Strive are doing the opposite. They are buying.
Falling Stocks, But No Display of Doubt
The figures on the stocks are hard to ignore. MSTR, Strategy’s ticker on Nasdaq, has lost more than 50% of its value over the past year. ASST, Strive’s stock, is down more than 30% over the same period. It’s significant. For a traditional investor, this kind of performance triggers emergency calls with fund managers.
And yet. Both companies are holding their line. They talk about “long-term stability,” “bitcoin resilience,” and commitments that aren’t measured quarter by quarter. It might be true. It might be storytelling to calm nervous shareholders. Probably a bit of both.
What is factual: at the time of the purchases, bitcoin was around $83,409. A 3% drop from the previous week. Not an euphoric context. They bought anyway.
Strategy has also announced daily dividends on four of its preferred shares — STRF, STRC, STRK, and STRD. It’s a tool for investor loyalty as much as a financial signal. The idea: even if the stock price wobbles, preferred shareholders receive something regularly. It changes the perceived risk profile. Not necessarily the real risk, but perception counts a lot when you’re trying to raise capital.
Strategy’s logic on its past bitcoin sales deserves mention. The company has sold BTC at certain times — and justifies these as calculated financial decisions, not panicked retreats. The current balance, with 847,666 bitcoins, is there to prove the point. Hard to accuse them of betraying their thesis when they hold so much.
Strive presents a different but complementary argument. No debt means no forced sale. In a volatile market, it’s a real position of strength. Many companies that sold their bitcoins this year had no choice — they had to repay. Strive claims it’s not in that category. It remains to be seen if this holds true if bitcoin drops much lower.
The bitcoin market itself continues to do what it does: move. $83,409 at the time of purchases, down 3% over seven days. Not a catastrophe, not an explosion. A market digesting.
What stands out this week is the stark contrast between companies selling to survive and those buying to dominate — or at least to appear to dominate. Strategy, with its $70.5 billion bitcoin portfolio, is no longer just a repurposed software company. It has become a listed bitcoin exposure vehicle, with dividends and preferred share buybacks integrated into the mechanics.
Strive plays a similar game, on a smaller scale. 27,462 bitcoins. Fifth rank worldwide. And Matt Cole repeating that the balance sheet is solid.
Frequently Asked Questions
How many bitcoins have Strategy and Strive bought in total this week?
The two companies have purchased a combined 2,773 bitcoins — 1,665 for Strategy at $142.7 million, and 1,107 for Strive at $94.5 million.
What is the total number of bitcoins held by Strategy today?
Strategy holds 847,666 bitcoins, with a total value of $70.5 billion according to its SEC filing.
Why are Strategy and Strive’s stocks declining despite bitcoin purchases?
MSTR has lost over 50% in a year and ASST over 30%, amid a bitcoin decline to around $83,409 and general pressure on crypto-cash companies.
Why It Matters
The acquisition of 2,773 bitcoins by Strategy amidst a stock decline highlights a strategic shift towards digital assets as a hedge against market volatility. This move not only reinforces the company's commitment to cryptocurrency as a core component of its portfolio but also reflects broader trends in the market where institutional investors are increasingly viewing Bitcoin as a store of value. The simultaneous repurchase of preferred shares indicates a nuanced approach to capital management, signaling confidence in both the company's long-term prospects and the resilience of its digital asset holdings.
