Bitcoin News
By Pankaj K
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Strive Surpasses Bullish, Locks In Top-Five Spot. Adam Livingston, an adviser to Saturn Credit, put the pace in blunt terms: Strive's Bitcoin…
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U.S. Treasury Move Lit the Fuse. On August 19, the U.S. Treasury Department said it would double long-term bond buybacks.
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What the Pace Actually Means. Two large purchases in consecutive weeks is a clear pattern.
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Strive just spent $143 million on Bitcoin. Fast.
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The publicly traded asset manager bought 1,800 Bitcoin between August 24 and August 28, paying an average of $79,431 per coin.
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The week before that purchase, Strive had already added 1,110 Bitcoin for roughly $81.5 million at an average price of $73,409 per coin.
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Adam Livingston, an adviser to Saturn Credit, put the pace in blunt terms: Strive's Bitcoin holdings grew 8.4% in just five business days. Five days.
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Matt Cole, Strive's CEO, confirmed the purchase and tied it directly to the company's broader commitment to expanding its digital asset holdings. No hedging in that message.
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On August 19, the U.S. Treasury Department said it would double long-term bond buybacks. That announcement pushed Treasury yields lower, which sent investors hunting for returns…
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That's probably not a coincidence. Buying into a macro-driven rally, when the catalyst is a change in government debt policy rather than a crypto-specific event, tends to feel…
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See also: Bitmines ETH Holdings Surge Past 5.9 Million After Massive 53,501 Token Purchase
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Michael Saylor's Strategy — still the largest corporate Bitcoin holder by a wide margin — also came back to the market.
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So now you've got Strive stacking aggressively from fifth place, and Strategy re-entering from the top. Both moving in the same window, both pointing at the same macro trigger.
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Two large purchases in consecutive weeks is a clear pattern. It's not the behavior of a company still debating whether Bitcoin belongs on the balance sheet.
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It's also worth noting what Strive didn't do: it didn't announce a target, a ceiling, or a timeline. No "we plan to hold X Bitcoin by year-end" statement. No roadmap.
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