Strive adds 6,182 BTC at $82,732 as Bitcoin ETF outflows hit $137.9 million

Bitcoin traded near $80,500 on Wednesday as ongoing corporate accumulation contrasted with weakening technical momentum and continued outflows from spot exchange-traded funds (ETFs), raising questions about the sustainability of the recent recovery. Asset manager Strive, known for acquiring significant amounts of Bitcoin for its treasury, purchased 6,182 BTC at an average price of $82,732, spending roughly $511.4 million. This latest investment increased Strive’s total Bitcoin holdings to 43,000 BTC, now valued at around $3.5 billion. The report, first published by on-chain analytics firm Lookonchain, emphasized that Strive’s move highlights persistent corporate interest in Bitcoin despite its recent price slide.

Source: CoinTurk News