Neutral
Last updated: 2026-08-24 14:32:17 ET
Pulse AI Brief
Updated Aug 24, 2026 1:03 PM ET
Strive Asset Management purchased 1,110 Bitcoin for $81.5 million, bringing its total holdings to 21,000 BTC at an average cost of $73,409 per coin. The Nasdaq-traded company's shares surged 11% on the announcement, signaling market appetite for corporate Bitcoin accumulation strategies.
ASST stock jumped 11% intraday on the treasury purchase. The move validates the Bitcoin-as-corporate-reserve thesis and pressures other asset managers to consider similar strategies. However, Bitget CEO Gracy Chen remains skeptical of current rally sustainability, targeting $50K for fresh accumulation—indicating institutional buyers are still selective on entry points.
Corporate Bitcoin holdings are becoming a competitive advantage in asset management. Large-scale accumulation by publicly traded firms normalizes crypto as institutional reserve strategy, though macro headwinds and yield concerns keep some players cautious.
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buy...
As demand far outstrips supply in the memory-chip market, SK Hynix and Samsung Electronics are generating outsize profits and throwing off huge free c...
Asian shares are mixed following a retreat on Wall Street, as the U.S. Treasury Department's plan to expand government debt buybacks appeared to have ...
The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its b...
Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.
U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury b...
Shares are mostly higher in Asia, with South Korea’s benchmark Kospi rebounding more than 6%
The decision came just after bond yields reached their highest level since 2007.
CNBC’s Jim Cramer said the Treasury’s expanded bond buybacks may provide near-term relief for markets, but the intervention underscores strain in ...
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