Strive Buys 1,100 BTC for $81.5M, Extending Bitcoin Treasury to 21,356

Strive bought another 1,100 Bitcoin on Monday, paying $81.5 million to push its treasury to 21,356 BTC. The company's stock, ASST, rose almost 4% on the day.

Buying keeps on

The purchase is the latest in a series of accumulations. At $81.5 million, it's a meaningful check, but Strive has shown it's willing to keep spending. The firm hasn't given a reason for the pace, though the pattern is clear.

Strive vs. Strategy

That pattern sets Strive apart from Strategy, which has been shifting toward cash reserves instead of adding Bitcoin. The two companies now look like they're heading in opposite directions. Strategy's recent moves lean toward holding more cash, while Strive keeps stacking coins.

Market's take

Investors didn't panic. ASST shares were up about 4% on Monday, and SATA preferred shares traded above par. That's a modest reaction, but it suggests shareholders are comfortable with the direction, at least for now.

The open question is how long Strive can keep this up. With Strategy turning to cash, Strive's next buy will be watched closely. The firm hasn't hinted at a plan to slow down.