Hupzy (Spot On Chain)|Oct 05, 2026 12:44
Strategy bought 334 BTC ($28.7M) in early October while repurchasing $๐ญ๐ณ๐ฒ.๐ฏ๐ of STRC shares โ 6x the BTC purchase โ signaling a capital allocation shift at the largest public Bitcoin holder. Total holdings reached 848,000 BTC ($70.82B). Separately, Strive added 2,000 BTC ($169M).
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The STRC-to-BTC ratio is the real signal. Strategy is still raising capital via share sales but increasingly redirecting it to STRC rather than BTC, potentially reducing one of the market's largest structural bid flows. The biggest corporate buyer scaling back accumulation pace is a supply-demand shift worth watching even as total holdings grow.
For BTC, reduced buying intensity from the largest public holder arrives when ETF flows have been mixed. Whether Strive and newer treasury adopters offset any Strategy slowdown is the key question for near-term demand.
https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/bltd758420c2660e3e6/6ac33fb066fa969f48e8abe4/form-8-k_10-05-2026.pdf
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