9 hour ago
1 0
Strive Acquires 1,567 BTC for $162M at $103,315 Each
Bitcoin Surges Above $105,000
- Bitcoin surged past $105,000 due to renewed investor confidence, influenced by the US government's temporary shutdown resolution and growing Fed rate cut bets.
- Institutional inflows have increased, with Strive acquiring 1,567 BTC at an average price of $103,315, totaling their holdings to 7,525 BTC.
- Strive also launched NASDAQ-listed SATA shares following an oversubscribed IPO and plans a tax-efficient Return of Capital (ROC) dividend distribution.
- Founder Vivek Ramaswamy purchased 15,625 SATA shares, increasing his holdings significantly, backed by billionaires like Peter Thiel and Bill Ackman.
- MicroStrategy announced another Bitcoin purchase: 487 BTC worth $49.9 million, bringing its total holdings to 641,692 BTC with a net yield of 26.1% for the year.
Bitcoin Price Outlook
- Bitcoin trades at $105,048, up 2.4% intraday, supported by institutional interest and improved liquidity expectations.
- Technical indicators suggest a 63% breakout probability, with potential targets above $106,000 and up to $111,584.
- The MACD histogram shows bullish signals, with volume delta leaning positive at +595 BTC.
- A downside risk exists if BTC closes below $98,300.
