Strategy and Strive buy $183 million in Bitcoin as price tops $85,000

Two major corporate Bitcoin buyers, Strategy Inc. and Strive Inc., purchased a combined $183 million worth of Bitcoin last week, a significant buying spree that coincided with a sharp rally in the cryptocurrency's price. The purchases highlight a concentrated effort by a small number of firms to accumulate Bitcoin even as the broader corporate treasury trend has slowed. Strategy, the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between September 14 and September 20, according to a regulatory filing. The purchase, made at an average price of $79,670 per coin, brought its total holdings to 846,000 BTC. This marked the company's first Bitcoin acquisition in two weeks, following a period focused on managing its capital structure, including a $174 million repurchase of its STRC preferred stock. Strive, a smaller but rapidly growing treasury firm, bought 1,355 BTC for $107.7 million between September 14 and September 18. CEO Matt Cole stated the average purchase price was $79,475 per coin, increasing Strive's total holdings to 26,355 BTC. The company also reported that warrant exercises generated $21.