Strive Resumes Bitcoin Buying, Accumulating 406 BTC in Two Days
Strive Asset Management has resumed buying Bitcoin through its SATA preferred stock product after a two-month pause. According to the Bitcoin Treasuries X account, Strive acquired 223 BTC on August 20 and an additional 183 BTC so far on August 21, bringing the two-day total to approximately 406 BTC.
This marks the first significant accumulation by Strive since late June and signals a renewed appetite for Bitcoin among asset managers. Strive's decision to resume buying could reflect a broader sentiment shift among institutional investors who may view current price levels as attractive entry points.
Corporate and institutional Bitcoin purchases have become a significant driver of demand in the crypto market, with companies like MicroStrategy, Tesla, and Block previously making headlines with their treasury allocations. However, it's essential to note that Strive's purchases through SATA are part of a structured product, not direct corporate treasury holdings.