So, a tale of two Bitcoin treasuries this week. Strive made its biggest ever buy: 6,182 BTC for $511.4M while Strategy, the company that wrote the playbook, bought none. Here’s the breakdown: - Strive paid roughly $82,732 a coin between Oct 17 and 23. The stack goes from 36,818 to 43,000 BTC. And there's a fresh $1B ATM to keep going. - Strategy bought zero BTC last week, its first pause since mid-September. Instead it spent $204.9M buying back its own STRC preferred. Still sitting on 848,517 BTC at an average of $75,446. With BTC around $79.5K, Strive's latest batch is a few percent underwater. Strategy's whole stack is still in the green.