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The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
Strive, a Nasdaq-listed Bitcoin treasury company and asset manager, disclosed that it bought 469 Bitcoin for roughly $36.6 million earlier this month. The purchase, recorded in a filing with the US Securities and Exchange Commission, increases Strive’s total holdings to 25,000 BTC.
According to the filing, Strive acquired the BTC between Sept. 8 and Sept. 11 at an average price of $77,954 per Bitcoin, including fees and expenses. At the time of writing, the largest cryptocurrency was last traded at $78,823, based on CoinGecko data.
Strive’s SEC filing provides the clearest detail on how and when the latest purchase was executed. The company bought 469 Bitcoin from Sept. 8 through Sept. 11, paying an average of $77,954 per BTC including fees and expenses.
The updated treasury position places Strive among the most heavily capitalized corporate Bitcoin holders. The company previously broke into the top ranks in late August after acquiring 1,800 Bitcoin, at which point it moved ahead of crypto exchange Bullish to become the fifth-largest publicly traded corporate holder at the time.
For investors watching corporate Bitcoin exposure, the pace of accumulation matters because it signals how aggressively treasury companies are allocating balance-sheet resources—especially when combined with their stated funding mechanisms.
Strive CEO Matt Cole said the latest BTC acquisition was funded entirely through proceeds from the sales of SATA, the company’s perpetual preferred stock. In the filing, the company also highlighted that SATA’s notional value outstanding has now surpassed $1 billion.
The document shows SATA share count increased by 402,541 during the period covered by the filing, bringing shares outstanding to about 10.4 million. That matters because it links the firm’s Bitcoin buying directly to an ongoing capital-raising vehicle, rather than relying solely on cash balances.
As of Sept. 11, Strive reported holding $204.2 million in cash and cash equivalents. It also disclosed 505,000 shares of Strategy’s STRC preferred stock, valued at about $49.8 million.
Strive’s latest BTC purchase also appears to be feeding into market expectations. Yahoo Finance data shows Strive’s Nasdaq-traded shares gained more than 7% on Monday to around $29, extending a rally in which the stock price has more than doubled over the past month.
The stock move has also intensified the competition among corporate Bitcoin holders. Strive’s market capitalization climbed above that of Metaplanet last week even though Metaplanet holds substantially more Bitcoin. As of Monday, Strive’s market capitalization was about $2.5 billion, compared with $1.9 billion for Metaplanet, according to BitcoinTreasuries.net.
That divergence highlights a key dynamic in the sector: market value is not determined by Bitcoin holdings alone. Expectations for future fundraising, treasury growth, and capital structure mechanics can influence how investors price corporate Bitcoin exposure.
Strive’s shares have also risen above a technical level that could affect the company’s capital plan. The stock is now above the $27 exercise price for warrants due to expire in mid-October. If warrant holders exercise, they would purchase Strive shares at $27 apiece, potentially generating more than $700 million in new capital, according to BitcoinTreasuries.net.
For traders and long-term holders alike, warrant exercises can change the balance between potential dilution and future buying power. In Strive’s case, the ability to raise additional funds at a premium to the exercise price could accelerate treasury expansion—provided the company chooses to deploy the proceeds accordingly.
Earlier this month, Cole said it was “not out of the realm of possibility” for Strive to become the second-largest publicly traded corporate Bitcoin holder by year-end, though he characterized that as not his base case.
With Strive’s treasury now at 25,000 BTC and its funding engine via SATA continuing to scale, the next signals to track are whether additional Bitcoin purchases follow quickly—and how the mid-October warrant window impacts Strive’s share count and available capital for further accumulation.
This article was originally published as Strive Tops 25,000 BTC Treasury After Adding 469 Bitcoin on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
Ethereum is attempting to convert its post-rally consolidation into a continuation setup. It remains compressed near the upper end of the range, and a sustained breakout could provide the foundation for another bullish leg, although the recent CPI-driven fakeout highlights the need for confirmation.
On the daily timeframe, ETH continues to hold the substantial gains generated by the explosive August breakout. More importantly, the market has avoided a meaningful retracement despite repeatedly testing the $2.43K-$2.52K area, suggesting that sellers have so far been unable to force price back toward the lower support zones.
The current consolidation is taking place around the $2.45K-$2.52K resistance zone, with ETH now trading near $2.52K. A convincing daily breakout and close above this region would strengthen the bullish structure and could open the way toward higher prices. In that case, the next major resistance visible on the chart sits around the $2.92K-$3.03K zone.
However, the market still needs to establish acceptance above the current resistance. Failure to do so would leave ETH vulnerable to another rotation inside the range. The $2.05K-$2.14K region represents the next significant daily support area below, while the moving averages are also gradually turning higher beneath the price.
The 4-hour chart provides a clearer view of the immediate breakout attempt. ETH has spent several weeks ranging roughly between $2.35K and $2.56K, repeatedly rejecting both ends without establishing a sustained directional move.
The latest CPI volatility briefly pushed the price above the $2.56K range high, with the wick extending toward $2.66K, but buyers failed to maintain the breakout, and ETH quickly returned inside the structure. This fakeout is important because it shows that simply trading above the range is not sufficient. The market needs to hold above the $2.56K resistance level to confirm a genuine structural breakout.
Nevertheless, ETH has recovered toward the upper boundary again rather than experiencing a sharp rejection. If buyers can secure acceptance above $2.56K, the consolidation could resolve into another bullish leg.
Conversely, another rejection would keep the range intact and expose the $2.43K-$2.45K support zone first. A more decisive breakdown below the range floor around $2.35K would weaken the continuation scenario and could shift attention toward the $2.22K-$2.27K support zone.
The 90-day Spot Taker CVD tracks the cumulative difference between market buy and market sell volume. An increasing positive CVD indicates taker-buy dominance, while a declining negative reading reflects stronger aggressive selling.
The latest data shows a notable shift toward green, indicating that taker buyers have become dominant again after the more neutral conditions observed during July and early August. This transition has coincided with ETH recovering toward the $2.5K region and is therefore a constructive signal for the current consolidation.
If taker-buy dominance persists while ETH establishes itself above the range resistance, the combination would provide stronger confirmation that demand is supporting another bullish leg. A loss of this buy-side dominance, particularly alongside another failed breakout, would instead suggest that aggressive demand is not yet strong enough to sustain the move.
The post Ethereum Price Analysis: $3K Back in Play After ETH Reclaims $2.5K appeared first on CryptoPotato.
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