Strive Executes Unprecedented Bitcoin Acquisition

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 23 2026

BTC+0.147%

ES-10.29%

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Bitcoin Acquisition Scale: Strive acquired 759 BTC between June 15 and June 21, valued at approximately $50 million, with an average price of $65,850 per Bitcoin, significantly increasing its total holdings to 19,864 BTC, indicating a marked shift in its investment strategy.
Enhanced Market Position: This acquisition represents Strive's largest weekly Bitcoin purchase recently, contrasting sharply with previous acquisitions of only 32 and 73 BTC, showcasing its growing competitiveness in the Bitcoin market.
Improved Financial Health: Strive's cash holdings rose from $141.4 million to $144.5 million, while outstanding Class A common shares increased by approximately 1.9 million to a total of 71.8 million shares, reflecting an upward trend in its financial health.
Clear Strategic Goals: Strive aims to reach a milestone of 20,000 BTC, signaling its rise among institutional Bitcoin holders and further solidifying its influence and market share within the cryptocurrency landscape.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	52300.293	55050.242	57962.093	60712.042	63623.893	66373.842	69285.693
Fibonacci	55050.242	57213.049	58549.234	60712.042	62874.849	64211.034	66373.842

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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