Bought 6,182 BTC for $511 million. Before the deal, the balance held about 36,800 BTC. Based on the stated amount and volume, the average purchase price comes out to approximately $82,700 per coin.
The source of the money is a private placement of $630 million in preferred shares. Preferred shares are securities with a fixed dividend but no voting rights: the company raises cash without diluting founder control. That is, the coins were bought not from operating profit, but with money from the capital market.
Strive is a public company of Vivek Ramaswamy, Elon Musk's former partner at the Department of Government Efficiency (DOGE). It is building a crypto treasury - a model in which the main asset on the company's balance sheet is not dollars, but Bitcoin.
Contrast of the same week: Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin) did not buy or sell a single BTC. This is noticeable for the market: it was precisely its regular purchases that for years were the main corporate demand.
What this means: corporate demand has not disappeared, but it has shifted. The pause at the main buyer is being offset by the entry of new players who finance purchases through issuing securities. The next reference point is reporting and the next weekly disclosures of deals.
They take volume by issuing securities. And you?
Watching someone bring in $511 million in a week and counting your couple thousand on the exchange is a familiar feeling. The difference is not in market analysis: Strive has access to capital, while a private trader has only what he himself deposited into the account. In prop trading, the trading volume is provided by the company: you pass an evaluation stage and work on its account for a share of the profit. The mechanics are simple, but it's worth breaking them down before you once again catch a move with a minimal lot.