Strategy is buying bitcoin again! But this crypto treasury is buying more.

00:00 Speaker A

Strategy buys 75 million of Bitcoin as price rallies. But maybe the bigger story

00:06 Speaker A

is that Strive, the strategy uh impersonator cum success story, buys 1355 Bitcoin at 79,475 each, cash rises to 229.6 million, shares increase. So they actually out bought strategy this week. So let's talk about what they both did.

00:26 Speaker A

Obviously, we know that the story for strategy before the bottom of this bare market was raise cash any way possible, immediately buy Bitcoin regardless of price.

00:36 Speaker A

Profit.

00:38 Speaker A

Right? That's what they did forever. They created multiple preferred securities. They had different debt instruments. We've talked about their convertible notes. You know all the ways that Bitcoin was able

00:47 Speaker A

to buy uh that strategy was able to buy Bitcoin. Their machine got too complex and at the bottom they were actually forced to shore up the balance sheet, do some financial wizardry.

00:57 Speaker A

Well, Strive, obviously, which uh has their product Zeta, which is much like STRC, was able to learn from all of the quote unquote mistakes. I won't even call them mistakes. Let's say from the learning curve from strategy trying everything to just use the best parts of it and continue to buy Bitcoin, which is why Zeta has traded at or over par, why they've been able to buy so much Bitcoin while strategy is just turning the machine back on. So interestingly, strategy did not do any financial wizardry this week to buy Bitcoin.