Strive reaches 19,864 Bitcoin with 21 buys – Following Strategy’s playbook?

Strive’s recent Bitcoin [BTC] acquisition made headlines once more. At an average cost of about $65,850 per bitcoin, Strive paid $50 million to acquire an additional 759 BTC.

As a result, the seventh-largest Bitcoin treasury company now has 19,864 BTC worth $1.2 billion, in total holdings. That said, since the 3rd of September 2025, Strive has made 21 purchases in total. 

This occured  when Bitcoin was trading at $62,296.46 after a 2.75% decline in the past 24 hours. Meanwhile, on the 22nd of June, the Bitcoin ETFs recorded $68.3 million, marking the sixth straight week of outflows.  

Interestingly, Strive’s stock (Nasdaq: ASST) went up almost 10% to a high of $16.31 after the annoucement before settling back into the $14.81 range at the time of writing.

Is Strive following Strategy’s playbook?

These figures all imply that Strive seems to be adopting 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 stash to 847,363 BTC, valued at $52.8 billion.  

Despite Strive’s much smaller scale, the strategy of steady accumulation is very similar to the model set by Saylor’s company. In fact, to speed up its Bitcoin acquisitions, Strive recently revealed a $4 billion capital-raising plan. 

Good timing or a miscalulated step

To better understand why Strive bought Bitcoin at this time, 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 floor.

Meanwhile, Bitcoin is closer to $168,000 according to the model’s fair value line, suggesting a significant increase from the current price.

Three of the last four market cycles have seen prices reach the upper resistance band, which is approximately $589,000, underscoring the possibility of much higher prices in subsequent bull runs.

Therefore, supporters of the model see the current price range as a unique chance to buy Bitcoin at a significant discount to its estimated fair value.

Concerns surrounding Bitcoin

But according to market analyst Bitcoin Cycle Momentum, the bear market might not be finished yet because the indicator is still below the neutral zone, which traditionally marks the start of a bullish phase.

The metric recently dropped into the -30 range, which has historically functioned as strong support for Bitcoin and marked significant cyclical bottoms. Even though this shows that Bitcoin might be getting close to a historically advantageous 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 additional 759 BTC to its treasury.
• Bitcoin Power Law model suggests this to be a unique time for Strive to add BTC.