Bitcoin price climbed back above $60,000 on Wednesday, lifting Bitcoin treasury stocks, with Strategy (MSTR) and Strive (ASST) surging more than 10% intraday.
Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off.
Bitcoin price climbed above $65,000 as easing ETF outflows and a U.S.-Iran peace deal provided support, while a hawkish Fed under Chair Kevin Warsh and rising rate-hike expectations continued to pressure risk assets.
Strive purchased 759 BTC for roughly $50 million last week, boosting its holdings to 19,864 BTC and outpacing Strategy's 520 BTC purchase as it accelerates its bitcoin accumulation strategy.
Strive purchased 73 bitcoin for $4.7 million last week, increasing its treasury to 19,105 BTC as the company continues its steady accumulation strategy amid bitcoin's broader market rebound.