Strive’s recent Bitcoin [BTC] takeover made the news again. At an average price of about $65,850 per bitcoin, Strive paid $50 million to acquire another 759 BTC.
As a result, the seventh largest Bitcoin Treasury company now holds 19,864 BTC worth $1.2 billion in total. That said, Strive has made a total of 21 purchases since September 3, 2025.
This happened when Bitcoin was trading at $62,296.46 after falling 2.75% in the past 24 hours. Meanwhile, Bitcoin ETFs traded at $68.3 million on June 22, marking the sixth straight week of outflows.
Interestingly, shares of Strive (Nasdaq: ASST) rose nearly 10% after the announcement to a high of $16.31 before settling back into the $14.81 range at the time of writing.
Does Strive follow Strategy’s playbook?
These numbers all imply that Strive appears to be employing a tactic similar to Michael Saylor’s Bitcoin accumulation strategy. Similar to Strategy, the company is taking advantage of institutional outflows and times of market weakness to gradually grow its Bitcoin reserves.
Known for buying the dip, Strategy has made its 113th purchase to date, bringing its total Bitcoin supply to 847,363 BTC, worth $52.8 billion.
Despite Strive’s much smaller scale, its steady accumulation strategy is very similar to Saylor’s company’s model. To accelerate its Bitcoin acquisitions, Strive recently unveiled a $4 billion capital raising plan.
Good timing or a misjudged step
To better understand why Strive bought Bitcoin Currently, the Bitcoin Power Law model shows that BTC is significantly undervalued at its current price.
Since the model’s lower support band, which is currently around $59,500, has never been broken in the past, it appears that Bitcoin is still above a significant long-term bottom.
Meanwhile, Bitcoin is closer to $168,000 according to the model’s fair value line, indicating significant upside from its current price.
In three of the last four market cycles, prices have reached the upper resistance band, which is around $589,000, underscoring the possibility of much higher prices in subsequent bull runs.
Therefore, adherents of the model see the current price range as a unique opportunity to buy Bitcoin at a significant discount to its estimated fair value.
Concerns about Bitcoin
But according to market analyst Bitcoin Cycle Momentum, the bear market may not be over yet as the indicator is still below the neutral zone, which traditionally marks the beginning of a bullish phase.
The measure recently fell into the -30 range, which has historically acted as strong support for Bitcoin and marked significant cyclical bottoms. Although this shows that Bitcoin may be getting close to a historically beneficial accumulation zone.
The analyst put it best when he said:
However, to confirm a trend reversal, the price must form a bullish pattern with the indicator breaking above the neutral zone.
Final summary
- The seventh largest Bitcoin DAT has added an additional 759 BTC to its treasury.
- The Bitcoin Power Law model suggests that this is a unique time for Strive to add BTC.