Strive and Strategy Acquire 1,490 BTC as Crypto Rebounds

Strive and Strategy, previously MicroStrategy, revealed new Bitcoin buys amounting to 1,490 BTC on October 19, Monday, with the digital asset bouncing back after dipping under $80,000 the prior week.

Matt Cole, CEO of Strive, announced the company bought an additional 1,223 BTC, lifting its total Bitcoin stash to 36,818.

The acquisition price was not disclosed. Based on Bitcoin's price near $82,500 earlier Monday, the newly bought coins had a value of roughly $101 million.

Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818.

– SATS IPO proceeds settle this Tuesday
– Strive plans to maintain current 18-month dividend reserve
– Traditional warrants are expired$ASST $SATA $SATS pic.twitter.com/FwzPfCJ5Tq

— Matt Cole (@ColeMacro) October 19, 2026

In a separate move, Michael Saylor's Strategy bought 267 BTC for $22.1 million from October 12 to 18, at an average price of $82,900 each.

With this purchase, Strategy now holds 848,517 BTC. Around $22 million from MSTR share sales financed the bulk of the acquisition.

Additionally, Strategy bought back 1.94 million STRC preferred shares worth $193.1 million. Its digital credit securities repurchase authorization was boosted to $3 billion, leaving about $1.16 billion still on the table.

Corporate Bitcoin Buying Continues Despite Market Uncertainty

These acquisitions occur while Bitcoin tries to rebound from a steep decline last week.

On October 15, BTC dipped under $80,000 briefly after US inflation data came in hotter than anticipated, sparking worries over additional Fed rate increases.

On Monday, though, Bitcoin climbed back above $82,000 as falling oil prices and lower US Treasury yields relieved some pressure on riskier investments.

These corporate buys indicate that large Bitcoin treasury holders are still stacking coins amid market softness.

Nonetheless, wider institutional appetite is unclear. Last week saw roughly $228 million in net outflows from US spot Bitcoin ETFs, casting doubt on how solid the rebound is.

The US crude oil inventory report due Wednesday may act as a significant catalyst. If oil prices rise, inflation fears could resurface, putting Bitcoin under pressure once more.

Currently, $80,000 stays as Bitcoin's key support. A lasting move above $84,000 to $85,000 would bolster the bullish case before the Fed's October 27-28 gathering.