Live updates: Bitcoin above $63,400 as Strategy adds $100 million BTC in latest purchase
Analysis
Price Impact
MedStrive's purchase of 32 btc, while small in the grand scheme, mirrors strategy's recent sale. this symbolic action might encourage more buying, but the overall market impact is limited by the size of the purchase.
Trustworthiness
HighPrice Direction
BullishStrive's accumulation, especially as a countermove to strategy's sale, suggests a belief in bitcoin's long-term value and a willingness to buy dips, which can support price increases.
Time Effect
ShortThe immediate effect is the upward pressure on bitcoin's price as the market reacts to positive accumulation news. the longer-term effect depends on sustained buying interest.
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live Updated just now Live updates: Bitcoin above $63,400 as Strategy adds $100 million BTC in latest purchase By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 12:05 PM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Strive bought 32 bitcoin, the same number Strategy dumped last week Strive (ASST) picked up another 32 bitcoin for roughly $2.1 million at an average of $63,911, CEO Matt Cole disclosed Monday. That is the exact number Strategy (MSTR) sold last week, its first bitcoin sale in four years, at an average of $77,135 to help fund preferred-stock dividends. The buy adds to the 19,000 BTC the Dallas firm reported on June 2, a position built with no debt and run through its ASST and SATA at-the-market programs. Bitcoin trades near $63,400, up about 1.3% over the past 24 hours and steadily climbing back from the slide that followed Strategy's sale, per CoinDesk data. Latest Crypto News 1 A crucial bitcoin market indicator is signaling that the worst of the crypto crash might be over 3 minutes ago 2 Bybit challenges Wall Street with a massive push into tokenized U.S. stock IPOs 30 minutes ago 3 Crypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help. 41 minutes ago 4 Bitcoin holds steady after Sunday's rally, though full-fledged reversal may take longer 1 hour ago 5 Gold slips below 200-day moving average offering glimmer of hope for bitcoin bulls 2 hours ago 6 U.S. inflation, European Central Bank rate decision: Crypto Week Ahead 2 hours ago 7 CME is letting traders bet on bitcoin volatility, not price, and two firms have already placed bets 3 hours ago 8 Zcash bounces 45% as developers propose new 'Ironwood' upgrade 3 hours ago 9 XRP steadies above $1.10 to bounce from four-month lows 5 hours ago 10 Bitcoin's rally to $63,700 triggers $504 million losses for short sellers, most since late April 6 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research May 29, 2026 Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Finance Michael Saylor revives bitcoin-buy speculation as scrutiny over Strategy grows Abra’s Bill Barhydt says Wall Street’s next crypto bet is tokenization America’s largest banks are building a new digital currency network to stop a massive deposit drain