Strive Now Owns 19,864 Bitcoin After 21 Dips, Still Not Saylor 🍯

Strive, the seventh-largest corporate holder of Bitcoin, expanded its reserves to 19,864 $BTC after purchasing an additional 759 coins for $50 million at an average price of about $65,850 per bitcoin, bringing total holdings to roughly $1.2 billion. The acquisition was announced as Bitcoin traded at $62,296.46, down 2.75% over the previous 24 hours, and marked the company's 21st purchase since 3 September 2025. Shares of Strive (Nasdaq: ASST) jumped nearly 10% to an intraday high of $16.31 on the news before settling near $14.81.

The accumulation pattern mirrors the playbook popularized by Michael Saylor's Strategy, which has completed 113 purchases to date and now controls 847,363 $BTC valued at $52.8 billion. Both companies have used periods of market weakness to add to their positions, with Strive's latest buy coinciding with the sixth consecutive week of outflows from US spot Bitcoin ETFs, which recorded $68.3 million in net redemptions on 22 June. Strive has also disclosed a $4 billion capital-raising plan aimed at accelerating further Bitcoin acquisitions.

Analysts cited the Bitcoin Power Law model to frame the timing of the purchase, noting that its lower support band sits near $59,500 and has never been broken historically, while the model's fair value line places Bitcoin closer to $168,000. The upper resistance band of approximately $589,000 has been reached in three of the last four market cycles, according to the model. Proponents therefore characterized the current price range as trading below estimated fair value.

Market analyst Bitcoin Cycle Momentum offered a more cautious reading, pointing out that the indicator remains below the neutral zone that has traditionally marked the start of bullish phases. The metric recently fell into the -30 range, a level that has historically functioned as strong support and aligned with significant cyclical bottoms. The analyst added that a confirmed trend reversal would still require price to form a bullish pattern with the indicator breaking above the Neutral zone.