Strive Buys 5,816 Bitcoins for $675 Million – A New Corporate Player in the BTC Market

Bitcoin’s price remains volatile, but the cryptocurrency market is simultaneously gaining another major institutional investor. Strive, a company backed by Vivek Ramaswamy, announced the acquisition of Semler and the purchase of nearly 6,000 BTC. This move increases its treasury to over 10,900 coins, placing it among the largest corporate Bitcoin holders.

Bitcoin Under Volatility Pressure

In recent days, Bitcoin’s price has fluctuated between $112,000 and $113,000. The futures market has experienced massive liquidations worth up to $1.8 billion, leading to sharp declines and high volatility.

Despite these short-term turbulences, institutional investors continue to see BTC as an attractive reserve asset. The latest decision by Strive is a clear example of this trend.

Strive Invests $675 Million in Bitcoin

Strive announced the purchase of 5,816 BTC, valued at approximately $675 million. This transaction is part of a larger process—the acquisition of Semler—which will make the new entity one of the largest corporate Bitcoin holders globally.

In total, Strive will control over 10,900 Bitcoins, placing it alongside major corporate holders like MicroStrategy and Tesla.

Why This Transaction Matters

1. Growing Corporate Adoption

Large cryptocurrency purchases by publicly traded companies strengthen Bitcoin’s image as digital gold and a reserve asset.

2. Media and Political Impact

Strive is backed by Vivek Ramaswamy, a well-known figure in U.S. politics and business, guaranteeing additional media exposure and investor attention.

3. Limited Bitcoin Supply

Acquiring thousands of coins by a single entity reduces BTC availability in the market, which, given continued demand, could create upward price pressure.

Strive vs. MicroStrategy – A New Race to Accumulate BTC?

The most obvious comparison is MicroStrategy, which has accumulated Bitcoin as a key part of its financial strategy for years. Strive may follow a similar path, financing further purchases through stock issuance or acquisitions.

This kind of competition among publicly traded companies could further increase institutional adoption and strengthen the market’s fundamentals.

Summary

Strive’s decision is one of the most significant signals in September for the cryptocurrency market. In the short term, Bitcoin may remain under pressure from high volatility and futures liquidations. Over the long term, however, such purchases could support the growing narrative that Bitcoin is becoming a strategic reserve asset for large corporations.

With over 10,900 BTC on its balance sheet, Strive is a new player that could trigger a domino effect among other companies considering entry into the cryptocurrency space.