Strategy and Strive add more bitcoin during market pullback
BROBROK News · Based on reporting by Bitcoin Magazine ·
Strategy bought 811 more BTC last week, while Strive added 124 BTC over the same period. The purchases came as bitcoin and crypto-related stocks weakened after Binance disclosed a major security breach.
Key points
- Strategy spent about $65.5 million on 811 BTC at an average price of $80,846.
- It funded the purchase through common stock sales and kept part of the proceeds in cash.
- Strategy now reports 849,327 BTC in total holdings.
- Strive increased its bitcoin position to 43,124 BTC.
- Bitcoin fell after Binance said a security incident could cost about $6.3 billion.
Why it matters
The latest buys show that some public companies are still adding bitcoin even as the market turns more volatile. They also highlight how exchange-related security events can move both BTC and listed crypto proxies.
Original headline: “Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking”
Read the original on Bitcoin Magazine
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.