Strive acquired 1,223 Bitcoin and Strategy bought 267 BTC for $22.1 million between October 12 and October 18, the two companies disclosed. Strive's purchase lifted its total holdings to 36,818 BTC, while Strategy's stack now sits at 848,517 BTC. Together, the pair added 1,490 coins to corporate treasuries in a week when spot Bitcoin ETFs bled roughly $228 million in net outflows.
Bitcoin traded around $82,500 early Monday, which puts Strive's newly acquired coins at roughly $101 million. The company hasn't said what it actually paid for them.
Strategy's funding mix
Strategy covered most of its 267 BTC purchase with about $22 million in MSTR share sales. The average price was $82,900 per Bitcoin.
The company also repurchased 1.94 million STRC preferred shares for $193.1 million and expanded its digital credit securities repurchase authorization to $3 billion. About $1.16 billion remains available under that program. The preferred buyback is a bigger cash commitment than the Bitcoin purchase itself, a reminder that Strategy's capital allocation now runs in two directions at once.
Strive keeps its dividend reserve
Strive said it will maintain its current 18-month dividend reserve. Its traditional warrants have expired. SATS IPO proceeds are set to settle on Tuesday, which should give the market a clearer read on the company's balance sheet after the Bitcoin buy.
The silence on Strive's purchase price is the notable gap here. With Bitcoin moving sharply in the middle of October, the entry price matters — and investors won't have it until the company chooses to disclose it.
A rough week for Bitcoin
Bitcoin briefly fell below $80,000 on October 15 after stronger-than-expected US inflation data raised concerns about further Federal Reserve rate hikes. It recovered above $82,000 on Monday as oil prices and US Treasury yields declined.
The $80,000 line remains the critical support level. A sustained recovery above $84,000–$85,000 would strengthen the bullish case heading into the Federal Reserve's October 27–28 meeting.
ETF outflows of roughly $228 million last week suggest institutional buyers weren't chasing the dip the way the corporate treasuries were. That divergence is worth watching.
Wednesday's US crude oil inventory report could become a major catalyst for Bitcoin, given how tightly the recovery has tracked moves in oil and yields. Before that, SATS IPO proceeds settle on Tuesday. And then there's the Fed meeting at the end of the month — the first real test of whether the $80,000 floor holds if rate expectations shift again.
