Bloomberg Intelligence strategist Mike McGlone said Bitcoin could retreat to $10,000 if the S&P 500 undergoes a prolonged 20% drawdown.

Strive (ASST) said on Sept. 14, 2026, that it purchased an additional 469 Bitcoin for $36.6 million, paying an average of $77,954 per coin. The transaction lifts the company's Bitcoin holdings to roughly 25,000 BTC, up from 24,531 BTC following its prior acquisition. In its SEC filings, Strive reported that the earlier buy totaled 1,375 BTC at about $79,281 per Bitcoin, bringing holdings to 24,531 BTC as of Sept. 4. CEO Matt Cole said the latest purchase was funded entirely through proceeds from sales of Strive's perpetual preferred stock, SATA. The company said SATA provided 100% of the $36.6 million used in the latest purchase, underscoring what it described as strong investor demand for the crypto-backed security. SATA funded roughly 70% of last week's $109 million Bitcoin purchase. Strive said SATA's notional outstanding has approached $1 billion. Management also updated its amplification ratio (debt/equity leverage) to 53.5% following the latest transaction. ASST shares rose about 3% after the open. The stock is up more than 100% over the past month and has moved above its year-to-date high above $27. Analysts have noted that incremental Bitcoin purchases have tended to coincide with gains in ASST, as additional crypto on the balance sheet can lift reported net asset value. BitcoinTreasuries.NET said Strive's 25,000 BTC position now exceeds that of 97.5% of public companies holding Bitcoin and ranks the firm No. 5 in its "Bitcoin 100" list. The milestone is notable as Strive has been public for less than 12 months. Cole has also indicated an ambition to surpass 20,000 BTC by year-end, a target the company has already exceeded with the latest update.

Morgan Stanley's Amy Oldenburg said clients remain most focused on Bitcoin's role as "digital gold," calling it one of the firm's strongest themes in the crypto space. She added that Morgan Stanley published a second research note this week reaffirming its view on the digital-gold thesis.

Strategy repurchased about $139.3 million of STRC in the week ended Sept. 13, while making no Bitcoin purchases or sales, CoinDesk reported. The pause marks a second straight week without additional Bitcoin accumulation. The company's holdings remained at 845,050 BTC. Strategy said the cumulative acquisition cost for those Bitcoin is about $63.73 billion, or roughly $75,412 per coin on average, including related fees. In the prior week, Strategy spent $176.3 million on securities buybacks, and its board doubled authorization for digital credit securities repurchases to $2 billion. The latest week's STRC buyback was funded from USD Cash, a centrally managed pool that can be used for securities repurchases, preferred dividend payments and Bitcoin purchases. As of Sept. 13, Strategy reported a USD Reserve balance of $5.1 billion, primarily to support preferred dividends and interest payments. USD Cash stood at $1.3 billion, down from $1.44 billion a week earlier, a decline roughly in line with the week's STRC repurchases. Under disclosed authorizations, about $1.05 billion remains available in the $2 billion digital credit securities repurchase program, and $1 billion remains unused under the MSTR stock buyback authorization. Key figures: - STRC buyback this week: about $139.3 million - Remaining digital credit securities repurchase capacity: about $1.05 billion - Remaining MSTR stock buyback capacity: $1 billion Market focus also remains on potential index treatment changes. Strategy's internal credit panel shows the "BTC Credit Spread" for STRC at about 57 basis points; the company views spreads below 150 basis points as investment grade. Investors are watching MSCI's review of whether "nonoperating companies" should remain in global equity indices. If implemented, firms like Strategy that center balance sheets around Bitcoin reserves could see index weight adjustments, with possible effects on passive flows. MSCI's public consultation closes Sept. 30, with results expected Oct. 16. Given Strategy's sizable index weight, the decision could influence passive allocations totaling billions of dollars. STRC referenced in the report is one of Strategy's digital credit securities; related risk premiums and repurchase mechanics are based on the company's disclosed metrics.

ChainCatcher reports that BitcoinTreasuries.NET said on X that Gui Gomes, CEO of OranjeBTC, will ring the opening bell at B3, Brazil's largest stock exchange, tomorrow, marking the start of trading for DIGY11. Michael Saylor commented that the listing represents the kind of market expansion STRC is designed to advance.

ChainCatcher cited Coinglass data showing that if Bitcoin (BTC) slips under $75,222, long-position liquidations across major centralized exchanges could total about $1.788 billion. On the upside, a move above $82,360 would put roughly $860 million in short positions at risk of liquidation on major CEXs.

Strive has expanded its Bitcoin treasury to 25,000 BTC after buying an additional 469 coins last week. The purchase totaled $36.6 million, implying an average entry price just under $78,000 per Bitcoin. At current market levels, the company's stash is worth about $1.95 billion, reinforcing Strive's standing among the largest publicly traded corporate holders of Bitcoin. Bitcoin last traded at $78,612.74, up 1.98% over the prior 24 hours, though it remained down 0.80% on the week. Preferred stock fuels the strategy CEO Matt Cole said SATA was the only source of capital raised during the most recent week. Strive also noted that its perpetual preferred stock has recently exceeded $1 billion in notional value outstanding. The company's amplification ratio rose to 53.5%, a metric that compares preferred equity and debt obligations against the value of Strive's Bitcoin holdings. Strive continues to use capital markets tools to scale its treasury strategy. Ranking fifth, aiming higher Strive ranks fifth among public companies holding Bitcoin, behind Strategy, Twenty One, Metaplanet, and MARA. The latest buy was smaller than the prior week's 1,375 BTC addition. To move ahead of Twenty One, Strive would need another 18,515 BTC. With 15 full weeks left in the year, that would require acquisitions of roughly 1,234 BTC per week, assuming the competitor's holdings remain unchanged. Related: Top 3 Trending Cryptocurrencies Today: Lisk Explodes 764.7% as Pons Falls Advertise here Disclaimer: The information in this article is for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for losses resulting from the use of any content, products, or services mentioned. Readers should exercise caution before taking any action related to the company.

Bitcoin climbed back above $78,000 as market attention turned to escalating talks around the proposed CLARITY Act.