Strive purchased 2,500 bitcoin, raising its holdings to 19,000 BTC, while also expanding cash reserves. The company is positioning itself for future funding growth, boosting flexibility for operations, acquisitions, and treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S.
Myriad predictors think it's increasingly likely that Bitcoin's next stop is $55,000 rather than $84,000 as BTC continues its slide.
Strive Asset Management (ASST) expanded its digital asset treasury by 2,500 bitcoin during the period spanning May 23 through June 1, investing approximately $185.2 million at an average cost of $74,092 per token. This strategic acquisition elevated the company's cryptocurrency reserves from 16,500 BTC to a substantial 19,000 BTC.
Tom Lee, who chairs Bitmine Immersion Technologies, argues that recent bitcoin market turbulence represents standard cyclical behavior rather than genuine cause for alarm. According to Lee, the current pattern of institutional and insider selling aligns perfectly with historical market bottom formations.
Bitcoin has fallen below $70,000 as capital continues to flow toward a narrow group of high-performing U.S. equity sectors, according to a new analysis from Binance Research.
Bitcoin's slide toward $68,000 on Tuesday reflected a sharp risk-off reset as exchange-traded fund (ETF) redemptions, Strategy's rare bitcoin sale, and a heavy derivatives flush hit traders at the same time.
Bitcoin's sudden slide below $68,000 on June 2 forced a rapid unwind across crypto derivatives markets, erasing nearly $400 million in leveraged positions in one hour as traders who had bet on further gains were caught by the move.
Mt. Gox moved 10,306 BTC, worth about $730.8 million, from cold wallets to an unmarked address early Tuesday. Arkham marked the larger transfer as unspent, while a separate 116.3 BTC hot wallet transfer was marked spent. Mt. Gox still holds 34,504 BTC worth about $2.
Capital B has sought shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments as the French Bitcoin treasury company pushes for additional capital to expand its Bitcoin holdings.
Bitcoin plunged below the $69,000 mark, triggering accelerated selling across the crypto market. Bearish pressure at the beginning of June 2026 took on a dominant character after Strategy recorded its first sale of part of its holdings in three years, instantly wiping almost $5,000 off the asset's price.
Bitcoin ETFs posted a record 9-day outflow streak as $2.8B left and IBIT lost $2B. Here's why it happened and what it means for BTC.
Mt. Gox moves 10,422 BTC worth $739M to new wallets as its October 2026 creditor repayment deadline nears.