Strive Leads About $510 Million in Weekly Corporate Bitcoin Buying

Strive drove roughly $510 million in net Bitcoin purchases by public companies outside mining last week, adding 6,182 BTC as the group’s holdings rose 0.5% from two weeks earlier. As of 8 a.m. ET Oct. 26 (12 p.m. UTC), companies in the tally held 1,167,845 Bitcoin (BTC), valued at about $93.64 billion. That amounted to 5.8% of Bitcoin’s circulating market capitalization. Net purchases were up 42.5% from two weeks earlier. Strategy and Metaplanet made no additions to their holdings during the period. The Smarter Web Company bought 20 BTC, taking its holdings to 2,850 BTC. Sequans disclosed holdings of 1,018 BTC but did not disclose any new purchase amount. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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