Strategy Pauses Bitcoin Buying as Strive Adds BTC Ahead of Key US Crypto Vote

• Strategy raised $544.5 million through MSTR share sales but made no new Bitcoin purchases, keeping its holdings at 843,775 BTC
• Strive acquired 79 BTC for $5.2 million, increasing its corporate Bitcoin treasury to 20,000 BTC
• The US Senate is expected to vote on the updated CLARITY Act next week, a key step toward establishing a comprehensive crypto market structure framework

Corporate Bitcoin treasury companies are not following the same playbook anymore. While Strategy’s Bitcoin holdings remained unchanged despite the company raising fresh capital last week, newer entrants are still adding to their reserves. This news comes as lawmakers in the US prepare to vote on the updated CLARITY Act. This bill could change the face of the regulatory landscape for cryptocurrencies and influence how publicly traded companies approach Bitcoin in the months ahead.

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Strategy Builds Cash While Strive Continues Buying Bitcoin

Strategy disclosed on Monday that it raised $544.5 million by selling 5.43 million MSTR shares through its at-the-market offering between July 20 and July 26. During the same period, the company repurchased 288,930 STRC preferred shares for $25 million but made no new Bitcoin purchases.

The company continues to hold 843,775 BTC, acquired for approximately $63.69 billion at an average purchase price of $75,476 per Bitcoin. Strategy also said its US dollar reserve increased to $3.75 billion. This gives it additional liquidity while maintaining its position as the world’s largest corporate Bitcoin reserve holder. The decision stood out because another treasury company moved in the opposite direction.

Asset management firm Strive announced the purchase of 79 BTC for roughly $5.2 million, lifting its Bitcoin treasury to 20,000 BTC. Based on Bitcoin’s market price at the time of the announcement, the holdings were valued at more than $1.28 billion.

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Senate Vote Could Mark the Next Chapter for Corporate Bitcoin Adoption

The different approaches arrive just as the US Senate prepares to consider the updated CLARITY Act, formally known as the Digital Asset Market Clarity Act. A procedural vote is expected early this week, with a potential floor vote during the week of Aug. 3, according to congressional updates.

The legislation combines provisions from the Senate Banking and Agriculture Committees and introduces an ethics section for the first time. Industry participants have argued that clearer rules could help define oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

While Strategy chose to boost its cash position, Strive continued expanding its Bitcoin treasury. This shows that corporate Bitcoin adoption remains active even as companies take different paths heading into a notable week for US crypto regulation.

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