Bitcoin treasury company Strive purchased 1,355 BTC for $107.7 million, paying an average of $79,475 per coin and raising its total holdings to 26,355 BTC. CEO Matt Cole announced the purchase on X, formerly Twitter, on the 21st. Strive continues to buy Bitcoin every Monday using non-dilutive preferred stock financing rather than traditional debt. Warrant exercises that began last week generated an additional $21.2 million, with permanent preferred stock SATA representing 57.7% of total funds raised. The latest purchase was nearly three times the prior week's 469 BTC acquisition and exceeded Strategy's purchase of 950 BTC for $75.7 million. Bitcoin rose above $85,000, its first move past that level since January, lifting Strive's holdings above $2.2 billion. The rally followed Bitcoin's recovery of nearly $10,000 in less than a week after it fell to $75,000 amid the Senate's rejection of the CLARITY Act and the Federal Reserve's rate hike impact.