The Bitcoin Treasury Race Just Got Faster: Strive ($ASST), $SATS and the Road to 100,000 BTC
The bitcoin treasury race got faster this week. Not “a little faster.” Lap-the-field faster.
Three Weeks, 9,356 More Coins
Strive ($ASST) went from 27,462 BTC to 36,818 BTC in three weeks. That’s not a rounding error. That’s a company treating its balance sheet like it actually means it.
Then, just to make sure nobody could accuse it of resting, it closed an upsized $630M $SATS IPO. That’s its second preferred, paying 15%, every business day. On top of that, it pulled in another $369M from warrants.
Here’s the part the coin counters keep skipping: none of that capital is in the coin count yet. The 36,818 is what’s already on the books. The SATS money and the warrant cash are still waiting to be turned into bitcoin.
My Bullish Case: 100,000 BTC by Next Summer
I’ll say it plainly, so nobody has to screenshot it later: my bullish case is 100,000 BTC by next summer. 🟠
That’s a case, not a forecast, and certainly not a promise. But look at the slope in the chart above and ask yourself which part of it looks tired.
Elon Runs a Bitcoin Treasury Too
And while everyone argues about who’s “really” a bitcoin treasury company, $SPCX is already the #7 corporate holder at 18,712 BTC, bought near $35K and held through Q3.
Elon runs a bitcoin treasury too. That’s the part people keep missing. Apparently it’s easier to argue about memes than to read a quarterly report.
The Leaderboard
Strategy still sits on top at about 850,000 BTC. Nobody’s disputing the size of the lead. The question in this category was never “who has the most?” It’s “who’s compounding bitcoin per share the fastest, and how many shares did it cost to get there?”
That’s the race worth watching, and this week it got faster.
The research on all of it lives in the Digital Credit Report at Hydra Wealth Advisors.
Not financial advice. Do your own research.
Originally posted on X by Rosanna Prestia, MBA (@RosannaInvests): https://x.com/RosannaInvests/status/2113290079288602692
