Strive, American Bitcoin, and Bitmine all expanded their crypto treasuries this week. Strategy, the largest corporate Bitcoin holder, sold 1,638 BTC for roughly $104.7 million to fund dividends and shore up cash reserves. The split reveals where corporate treasuries stand right now, with Bitcoin hovering near $63,000.
Strive just added 20 BTC at $63,191 each, a total of $1.3 million. CEO Matt Cole posted the move on August 3 and framed it as a buying opportunity during what he calls a Bitcoin "super cycle." The firm now holds 20,020 BTC, making it the seventh largest public corporate holder.
American Bitcoin, Eric Trump's mining venture, pushed its holdings past 8,000 BTC this week. The accumulation strategy contrasts sharply with Strategy's move to liquidate and distribute cash. Bitmine also increased positions, though specific numbers haven't been disclosed yet.
The divergence matters. Smaller firms are treating current prices as entry points while the biggest holder cashes out. Strive loaded up 6,236 BTC in Q2 alone, posting a 24% Bitcoin yield for the period. Strategy's exit suggests confidence in the dividend thesis rather than concerns about price direction.
Cole and others backing accumulation argue Bitcoin weakness is temporary. At $63,000, prices sit below what many firms paid during their initial buying phase, but corporate buyers have long horizons.
This is informational content only and not financial advice. Corporate treasury strategies vary by firm goals and risk tolerance.
