Bitcoin Price Gains 0.45% as Strive Expands BTC Holdings

The Bitcoin price surged 0.45% in the past 24 hours, trading at $105,518, amid a 9% daily trading volume surge to $42.4 billion.

The surge in BTC price comes as Strive, the Bitcoin treasury firm founded by Vivek Ramaswamy, announces a $162 million purchase of 1,567 BTC following its oversubscribed Nasdaq IPO of SATA preferred stock. This acquisition brings Strive’s total holdings to 7,525 BTC, surpassing Galaxy Digital and placing the company among the top 15 global corporate Bitcoin holders.

The purchase was funded entirely through the SATA IPO, priced at $80 per share, using Strive’s “Bitcoin amplification toggle”—a non-dilutive model that allows the firm to grow Bitcoin exposure without affecting common shareholders. CEO Matt Cole described it as a milestone in creating long-term value with Bitcoin at the core of the strategy.

SATA offers a 12% monthly dividend classified as Return of Capital (ROC), designed to keep share prices stable between $95 and $105 while providing potential tax benefits. Strive’s move mirrors recent BTC accumulation strategies by other institutional investors like MicroStrategy, Tesla, and CleanSpark, highlighting the growing trend of companies adding Bitcoin to their balance sheets as a key treasury asset.

Bitcoin Price Shows Early Signs of a Bullish Reversal

Bitcoin price is bouncing back after recently testing a strong support level around $100,000. On the hour chart, BTC has formed a bullish reversal pattern, indicating potential upward movement in the short term.

Over the past month, Bitcoin dropped from highs near $120,000 down to the $100,000 support zone. This level has held firm despite multiple tests, indicating strong buying interest. Analysts say such support zones can act as a base for price reversals when combined with bullish signals from technical indicators.

A key resistance zone lies between $115,000 and $117,500, where sellers have stepped in before. Traders will be watching this area closely. If Bitcoin breaks above it, it could trigger more buying and push prices higher.

BTCUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI) is around 64, showing buyers gaining momentum. An RSI above 70 may signal overbought conditions, so traders should monitor it as Bitcoin approaches resistance.

The chart also shows a parabolic curve, suggesting gradually increasing buying interest and returning investor confidence. If the bullish trend continues, Bitcoin could test the resistance zone in the coming weeks. A breakout above $115,000-$117,500 may fuel further gains, while failure to hold the current upward move could bring BTC back to the $100,000 support level.