Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade
- —Strategy bought 950 BTC for $75.7 million at an average price of $79,670
- —Strategy's holdings returned to 846,000 BTC at an average cost of $75,416
- —Strive bought 1,355 BTC for $107.7 million, taking its treasury to 26,355 BTC
- —Strategy repurchased 1.77 million STRC preferred shares for $174 million
Why it matters: Corporate buyers returning above the sector's $80,500 average cost basis could revive capital inflows into Bitcoin treasury vehicles.
Source: CryptoSlate