Strive buys another 6,182 BTC
Half a billion dollars of bitcoin in a single week.
Benjamin White, building at the intersection of emerging tech, media, and culture.
Strive added 6,182 bitcoin last week, spending $511.4m at an average price of $82,732. That takes its stack to roughly 43,000 BTC.
The pattern is hard to miss now. When price wobbles, retail panics and the treasury companies get their chequebooks out. They aren't trading the week. They're building a position they plan to hold for years, and every dip is a discount on that plan.
My take: you don't have to copy them, but you should notice who's buying when the timeline is miserable. The supply of bitcoin doesn't change. The pool of patient, well funded buyers keeps getting bigger. That's the structural story under all the daily noise.
The risk is real too. Companies that leverage up to buy BTC are making a big, concentrated bet, and not all of them will manage it well. But a half a billion dollar buy in a single week tells you where the conviction is sitting.
Strive bought 6,182 BTC last week for $511.4m, at an average of $82,732 each, and now holds about 43,000 BTC.
Treasury companies buy the dip while retail refreshes the chart.