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Crypto US Stocks

Strive buys 6,182 BTC for $510M as listed firms’ weekly net buying hits $510M

Asset manager Strive said on Oct. 26 it spent about $510 million to buy 6,182 bitcoin at $82,732 each, lifting its total holdings to roughly 43,000 BTC. Listed companies excluding miners bought a net $510 million of bitcoin last week, up 42.5% from two weeks earlier, bringing their combined holdings to 1,167,845 BTC, worth about $93.64 billion, or 5.8% of circulating supply.

Original source

AI take

The significance here is less the single purchase than the concentration: listed non-miners now hold 5.8% of circulating supply, making corporate treasuries a structural holder rather than a marginal buyer. Strive's move fits a pattern where asset managers, not just operating companies, treat bitcoin as a balance-sheet asset. The open question is whether the 42.5% weekly acceleration in net buying persists or reflects a handful of large one-off allocations, since a small number of buyers now moves aggregate figures noticeably.

Generated by AI for reference only.

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