Strategy and Strive buy a combined 2,773 bitcoins

Strategy and Strive bought a combined 2,773 bitcoins last week. Strategy announced Monday that it bought 1,665 bitcoins for $142.7 million. This was its second consecutive purchase after a brief hiatus. Strive said it bought 1,107 bitcoins for $94.5 million. Strategy also bought back $152 million in STRC preferred stock. An SEC filing showed that Strategy held 847,666 bitcoins worth $70.5 billion. Strive said its holdings reached 27,462 bitcoins. Both companies continued buying despite pressure on the bitcoin treasury model. Major treasuries including Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto and Empery Digital sold bitcoin this year to repay debt, fund operations or finance buybacks. Other bitcoin treasury companies folded or pivoted to AI infrastructure as their share prices collapsed. Strategy stock lost more than 50% of its value over the past year. Strive stock fell more than 30% over the same period. Both companies reassured investors that business was continuing as usual and that bitcoin would recover. Strive CEO Matt Cole has repeatedly said the company is debt-free. He has also said it has zero margin requirements and no encumbered bitcoin. Cole described Strive's balance sheet as built to withstand volatility. Strategy CEO Phong Le called the company's balance sheet “bullet-proof” because of its bitcoin sales. Le also called the sales the “right trade at the time.” Strategy announced last week that it plans to pay daily dividends on its preferred stocks STRF, STRC, STRK and STRD. Bitcoin recently traded near $83,409. Its price fell 3% over the past week.