Strategy and Strive Shares Jump as Bitcoin Rebounds Toward $85K
- —Strategy bought 267 BTC for $22.1 million at an average of $82,900, holdings now 848,517 BTC
- —Strive acquired 4,045 BTC, bringing its treasury to 36,818 BTC worth about $3.1 billion
- —Strive raised $630 million selling 7 million SATS preferred shares with a 15% dividend
- —Bitcoin rose over 2% to $84,807, its highest price since Oct. 7
Why it matters: Corporate treasury demand keeps absorbing BTC supply, but leveraged balance sheets and dividend obligations amplify shareholder risk.
Source: Bitcoin.com