Cathie Wood Says Bitcoin Is Beating Gold as Strive’s $169M Spree Outpaces Strategy

Key Takeaways

• Strive bought 2,000 BTC for nearly $169 million, almost six times Strategy's latest disclosed purchase.

• Bitcoin per effective common share increased approximately 3.8%, after accounting for the growing share count.

• Cathie Wood's earlier $1.25 million bull case requires an almost fifteenfold rise from Strive's purchase price.

Strive has outspent Michael Saylor's Strategy on Bitcoin in their latest disclosures, pouring nearly $169 million into an accumulation drive that added 2,000 coins.

The buying spree comes as Cathie Wood argues Bitcoin is gaining ground against gold, giving bulls fresh encouragement alongside her earlier seven-figure price forecast.

Strive's $169M Purchase Overshadows Strategy

Strive bought 2,000 BTC between Sept. 28 and Oct. 2 at an average price of $84,422, including fees and expenses, according to its Oct. 5 SEC filing.

The acquisition lifted its treasury to 29,462 BTC.

Meanwhile, Strategy's latest disclosure recorded the purchase of 334 BTC for $28.7 million between Oct. 1 and Oct. 4, at an average price of approximately $85,839 per coin.

That brought its holdings to 848,000 BTC.

Strive therefore acquired almost six times as many coins, although the companies reported slightly different purchase windows.