Strategy and Strive Load Up on Bitcoin as Treasury Rankings Race Heats Up

The Bitcoin buyers’ club is in session again, with two of the largest BTC treasury firms making purchases. This is despite the recent multi-billion-dollar hack of Binance , or perhaps because of the dip that followed that hack. Starting with Strategy (formerly MicroStrategy), the company bought another 811 BTC between 26 October and 1 November. Founder and chairman Michael Saylor said on X that they “found room for even more orange”. Strategy paid around US$65.5 million (AU$93.8 million) at an average price per coin of US$80,846 (AU$1125,822) and now holds 849,327 Bitcoin.