Two Firms Buy $182.7M in Bitcoin as Price Surges Past $86K

Monday saw a strong start for bitcoin treasuries as Strategy and Strive disclosed a joint purchase of 2,305 BTC worth $182.7 million.

According to a filing, Strategy purchased 950 bitcoins for $75.7 million last week, marking its first acquisition since August. Strive, meanwhile, acquired 1,355 BTC for $107.7 million.

The news coincided with a surge in the leading digital asset's price. Bitcoin recently traded at $86,008, up 6% over the past 24 hours, after reaching a high of $86,282 earlier in the day.

JUST IN: Public companies Strategy and Strive bought a combined 2,305 Bitcoin for $182.7 million.

Strategy: 950 BTC
Strive: 1,355 BTC pic.twitter.com/mE6UMolT7X

— Bitcoin Magazine (@BitcoinMagazine) September 21, 2026

Strategy, which holds more bitcoin than any other public company, also bought back $174 million of its STRC perpetual preferred shares. The firm had paused its bitcoin purchases this year to focus on share buybacks and building a cash buffer.

At times, the company has also sold small amounts of its bitcoin holdings, even though founder and chairman Michael Saylor has long advocated the principle of “never sell your bitcoin.”

Following a 10-week pause, Strategy resumed bitcoin purchases in the last week of August, acquiring nearly $370 million worth of the cryptocurrency.

The company's bitcoin stash now totals 846,000 coins, valued at $72.7 billion based on current prices.

Strive has maintained a weekly buying pace, climbing the ranks of corporate bitcoin holders. The Nasdaq-listed firm now holds 26,355 BTC, worth $2.2 billion, making it the fifth-largest corporate owner of the cryptocurrency.

Strategy's shares (NASDAQ: MSTR) rose 8% on Monday. Strive (NASDAQ: ASST) traded slightly lower, but on Friday its stock surpassed $30 per share, exceeding most Wall Street analyst targets.

The year 2026 has been challenging for bitcoin treasury companies. Strategy, Satsuma, Smarter Web Company, Sequans, Nakamoto, and Empery Digital each sold bitcoin in 2026 to service debt, support operations, or fund buybacks. Meanwhile, other firms have gone out of business or shifted focus to AI infrastructure as their stock prices tumbled.

Monday's bitcoin rally occurred even as the Clarity Act, a significant piece of crypto legislation, was blocked last week. The Federal Reserve also increased interest rates, but investors appeared unfazed by the central bank's action.

Bitcoin's current price remains more than 30% below its October all-time high of $126,080.