Major players are not just theorizing about the future of finance. Strive, an investment firm led by former United States presidential candidate Vivek Ramaswamy, has just purchased 1,100 Bitcoin worth $85 million for its treasury. News of this purchase was confirmed directly by the @WatcherGuru account on X, which immediately triggered a market response with 1,895 likes as a sign of high public confidence in the move.
For Ramaswamy, this financial maneuver carries more weight than just a standard portfolio calculation. As a US political and business figure who has long positioned himself as a vocal advocate for free markets and deregulation policies, his company’s move serves as proof on the ground. The pro-deregulation camp in Washington’s political landscape is no longer just throwing rhetoric on stage, but has begun realizing their views through purchases using real money.
The Buying Spree Continues to Spread
Strive’s entry into the market comes just as the Bitcoin price is in a rally phase toward $79,000. The trend of corporations hoarding crypto assets is not slowing down; instead, it is spreading even faster. They are clearly not acting alone. The latest data from on-chain tracker @lookonchain shows that Ceffu - a custodian service owned by Binance - has just withdrawn 1,524 BTC worth $117.89 million from the exchange in just the last 30 minutes.
During the same timeframe, this custodian entity also moved 59,484 ETH worth $145.92 million from exchange circulation. Such rapid cross-asset fund movements highlight the intensity of major institutional activity behind the scenes. This hunt has also spread to the Ethereum ecosystem. A separate report from @Cointelegraph noted that BitMine swept 32,447 ETH throughout last week’s trading. This buying action boosted the total assets in their vault to 5.85 million ETH.
Who is Waiting Around the Corner
As prices creep up, long-term players are increasingly active in securing their coins. As context for the current balance of power, Strategy still holds tight to its 840,447 BTC. Although they did not make any purchases this week, their financial report shows $1.59 billion in cash reserves ready to be deployed at any time. Meanwhile, asset manager BlackRock is recorded to have snapped up $1.33 billion worth of Bitcoin in the last five days.
Money is slowly shifting from the hands of retail investors into the vaults of corporations and political camps. For retail traders monitoring the price movement toward the $79,000 mark, this series of accumulations by institutional players summarizes one thing: institutions are not waiting for perfect regulation to shop; they scoop up the goods while the market is still willing to sell.
Reported by @WatcherGuru on X.
Read also: What Is Bitcoin Halving?
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
