Bitcoin market recovery lifts price above $82,000 as firms buy 1,490 BTC
Strive and Strategy disclosed purchases totaling 1,490 BTC on October 19, 2026, as the Bitcoin market recovery lifted the cryptocurrency above $82,000. The corporate buying contrasted with approximately $228 million in net outflows from US spot Bitcoin exchange-traded funds during the previous week.
Summary
Key takeaways
- Strive’s treasury reached 36,818 BTC after its latest acquisition.
- Strategy financed most of its Bitcoin purchase with MSTR share sales.
- Bitcoin rebounded above $82,000 after briefly breaking below $80,000.
Strive and Strategy expand Bitcoin holdings
Strive bought 1,223 BTC, while Strategy added 267 BTC. Both companies disclosed their purchases on October 19.
Strive CEO Matt Cole put the company’s average purchase price at $81,734 per Bitcoin, bringing the acquisition cost to approximately $100 million. The purchase increased its total holdings to 36,818 BTC.
Strategy, formerly MicroStrategy, paid $22.1 million for its coins between October 12 and October 18, at an average price of $82,900 each, according to its Securities and Exchange Commission filing. Its holdings reached 848,517 BTC, acquired for a total of $64 billion at an average cost of $75,446 per coin.
The filing shows Strategy sold 140,872 MSTR shares for approximately $22 million to fund most of the acquisition. Its US dollar cash reserve covered the remaining $0.1 million.
Strategy repurchases preferred shares
Strategy also spent $193.1 million repurchasing approximately 1.94 million STRC preferred shares during the same period. It funded those repurchases from its US dollar cash reserve.
The company expanded its digital credit securities repurchase authorization to $3 billion, leaving approximately $1.16 billion available. Separately, it used $45.5 million from its dollar reserve to pay preferred-stock dividends.
Bitcoin market recovery follows inflation-driven selloff
On October 19, declining oil prices and falling US Treasury yields relieved pressure on risk assets, helping the Bitcoin market climb back above $82,000.
This recovery came right after a brief dip under $80,000 on October 15, triggered by hotter-than-expected US inflation figures that fueled worries over additional Federal Reserve rate hikes.
Even as prices weakened, corporations kept buying Bitcoin, though US spot Bitcoin ETFs saw roughly $228 million in net outflows during the prior week. Those withdrawals raised questions about the strength of the rebound.
The $80,000 level remains critical support. Should the Bitcoin market hold gains above the $84,000–$85,000 range, the bullish case would gain further support heading into the next Federal Reserve meeting.
The Federal Reserve meeting is scheduled for October 27–28.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI Oil plunges as US-Iran compromise proposal raises hopes of de-escalation
Why the Canadian Dollar's rebound isn't just about rate-hike bets
Korean stocks fall to historically "cheap" levels with no buyers, JPMorgan warns: Leverage-driven sell-off may continue
Excluding the influence of giants like Samsung and SK Hynix, the overall KOSPI is trading at just 8.4 times forward earnings, placing it in the 11th historical percentile. With stock buybacks by Samsung and SK Hynix having recently concluded, net sales by foreign investors, and weak demand from domestic institutions, Korean stocks are losing sources of buying exactly when the market most needs support. JPMorgan pointed out that although holdings of leveraged ETFs have faced large-scale sell-offs, they still remain high, and the possibility of another round of sell-offs cannot be ruled out.
CoreWeave bond plunge rings alarm bells, Fed may need to reassess rate hike pace
CoreWeave bond yields once surged to 15%, with junk-grade and investment-grade yields reaching their highest levels since 2025 and 2023, respectively. According to a Bloomberg column, as the 2028 high-yield debt maturity peak approaches, a disorderly widening of credit spreads could trigger a wave of defaults and rising unemployment. The Federal Reserve should stay put at its October meeting, maintaining the interest rate range at 3.75% to 4%, and prudently weigh its decision for December.
Crypto prices
More
