Two major Bitcoin treasury operators made notable disclosures on Monday, highlighting diverging approaches to building corporate BTC exposure.
Strive announced that it bought an additional 1,110 BTC for approximately $81.5 million at an average price of $73,409 per bitcoin, according to CEO Matt Cole. The purchases were completed in multiple tranches: 147 BTC between August 3 and 7 at an average of just over $64,800, another 79 BTC the following week at around $63,231, and the remainder in recent weeks as Bitcoin approached nearly $80,000. The asset manager now holds 21,356 BTC, up from 15,009 BTC reported on May 12.
Strategy did not add to its Bitcoin position but raised $2.01 billion net by selling 18,261,118 MSTR shares at an average price of about $109.88 per share. The company allocated $136.4 million to repurchase STRC preferred stock and $300 million to its dollar reserve, while the remaining $1.57 billion went into a newly created USD Cash account. Strategy increased its USD Reserve to $5.10 billion and said the separate $1.59 billion USD Cash pool may be used for general Bitcoin treasury purposes, including buying bitcoin or responding to market dislocations.
Strategy's bitcoin holdings remained at 840,447 BTC, acquired for $63.36 billion at an average cost of $75,385 per bitcoin. With BTC trading around $78,400, the position was worth about $65.9 billion, roughly $2.6 billion above cost. The company has not purchased bitcoin since June and has now gone two weeks without selling any.
