Strive buys $169M as leveraged crypto trading expands

00:01 Scott Melker

The Clarity Act failed, I told you that the regulators would likely step in with rulemaking and that we would get most of what we wanted from the Clarity Act from the CFTC and the SEC. Well, that is happening very quickly and in real time. We're going to talk about that and everything else happening in the crypto news right now on The Daily Wolf. Let's go.

00:27 Scott Melker

What is up everybody? Welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as The Wolf of All Streets. Now,

00:53 Scott Melker

every single Monday, I tell you about what Michael Saylor and Strategy do with their very complicated balance sheet, but yesterday I was a bit remiss when I did not tell you about their competitor Strive, who's actually been quietly buying a lot more Bitcoin than Strategy. Here was the story it dropped right after the show, uh, yesterday. Strive expands Bitcoin holdings with 2,000 Bitcoin purchase.

01:35 Scott Melker

So Strive purchased 2,000 Bitcoin for approximately $169 million, which is nearly six times Strategy's 334 Bitcoin purchase that they announced yesterday. Now Strive holds 29,462 Bitcoin, which is within 6,000 Bitcoin or so of Marathon, which is the next largest holder of Bitcoin in the Treasury space. Marathon of course is a Bitcoin miner that is pivoted to becoming AI data centers, so likely will be