Strive buys 2,500 BTC as Bitcoin falls below $70,000 after Strategy sale

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Strive buys 2,500 BTC

Highlights

Strive added 2,500 BTC for $185.2 million, raising its holdings to 19,000 BTC.
Strategy disclosed a 32 BTC sale, creating a contrast with Strive’s accumulation.
Capital B is seeking shareholder approval for major funding capacity to expand Bitcoin reserves.

Strive buys into the slide

Strive acquired the Bitcoin for about $185.2 million at an average price of $74,092 per coin, according to an 8-K filing. The purchase was made below Strive’s previous disclosed acquisition price of $76,989 for 1,109 BTC on May 22, suggesting the company used the recent pullback to expand its position.

The company reported a quarter-to-date BTC yield of 23.0% and a year-to-date yield of 36.7%, with an amplification ratio of 57.0%. Strive also said it increased cash reserves to maintain an 18-month dividend reserve.

Bitcoin remained under pressure Tuesday, trading near $69,116 after falling more than 4% on the day, according to market data.

Strategy sale adds contrast

Strive’s purchase followed Strategy’s disclosure that it sold 32 Bitcoin for $2.5 million at an average price of $77,135. Strategy remains the largest corporate Bitcoin holder, but the sale drew attention because it was the company’s first publicized Bitcoin disposal and came as the broader crypto market was already weakening.

Benchmark analyst Mark Palmer initiated coverage of Strive with a Buy rating and a $32 price target, implying about 93% upside from the company’s recent Class A share price, even as the stock fell 3.59% to $16.58 in premarket trading.

Capital B seeks bigger firepower

The corporate Bitcoin trend is also expanding in Europe. Capital B has opened online voting ahead of its June 17 general meeting, asking shareholders to authorize up to €5 billion in nominal capital increases and €100 billion in credit instruments to accelerate its Bitcoin accumulation strategy. At recent exchange rates, that represents roughly $122 billion in potential funding capacity.

Capital B held 3,139 BTC as of June 1 after confirming a small additional purchase, according to company information.

Corporate Bitcoin Strategies Face a Market Test

The latest moves matter because corporate Bitcoin buyers have become a visible source of institutional demand.

Strive’s purchase signals confidence during a pullback, while Strategy’s small sale shows that treasury firms may also use Bitcoin to meet financing needs.

We also reported MoneyGram launches MGUSD stablecoin on Stellar.

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