Strategy and Strive announce $182.7 million Bitcoin purchase

Strategy and Strive announced combined purchases of 2,305 BTC for $182.7 million. Strategy said in a filing that it bought 950 bitcoins last week for $75.7 million, marking its first purchase since August. Strive bought 1,355 BTC for $107.7 million. Bitcoin recently stood at $86,008, up 6% over 24 hours, after reaching $86,282 earlier on Monday. Strategy also repurchased $174 million of its STRC perpetual preferred shares. The company paused bitcoin purchases this year to buy back its stock and build a cash reserve. On some occasions, it sold small amounts of bitcoin despite founder and chairman Michael Saylor's stated position that people should never sell their bitcoin. After a 10-week hiatus, Strategy resumed purchases in the final week of August and bought nearly $370 million in bitcoin. Its holdings now total 846,000 coins, worth $72.7 billion at today's prices. Strive has continued buying every week and is now the fifth-largest corporate bitcoin holder, with 26,355 BTC worth $2.2 billion. Strategy shares were trading 8% higher on Monday. Strive shares were slightly lower, although the stock rose above $30 per share on Friday, exceeding most targets set by Wall Street analysts. Bitcoin treasury companies have faced a difficult 2026. Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto and Empery Digital have all sold bitcoin this year to repay debt, fund operations or finance buybacks. Other companies have folded or shifted to AI infrastructure as their share prices collapsed. Bitcoin's Monday surge came despite the Clarity Act being blocked last week and the Federal Reserve raising interest rates. The price remains more than 30% below bitcoin's October all-time high of $126,080.