Bitcoin Holds Steady Near $85,000 as Corporations Boost Holdings
Bitcoin has been trading sideways near the $85,000 mark, showing no significant upward or downward movement. As of October 7, 2026, at 8:30 a.m., the price of Bitcoin stood at $85,450, representing a slight decline of 0.53% over the previous 24 hours. Meanwhile, Ethereum, the leading altcoin, was valued at $2,696, down 0.7% from the prior day.
Despite the stagnant price action, corporations continue to bolster their Bitcoin holdings. Strategy, a prominent Bitcoin treasury company, recently invested approximately $29 million to acquire an additional 334 bitcoins, expanding its holdings to 848,000. Similarly, Strive purchased 2,000 bitcoins with an investment of about $169 million, increasing its total holdings to 29,462.
Analysts note that demand for Bitcoin as a treasury asset remains strong, even as the price moves sideways. This trend suggests that institutional interest in Bitcoin as a long-term investment continues to grow, regardless of short-term price fluctuations.