On October 27, 2026, Strategy stopped buying Bitcoin, while Strive increased its holdings by 6,182 coins in a single week. The landscape for DAT companies is changing: Strategy did not buy Bitcoin for a week and instead spent $200 million to repurchase STRC preferred shares to support their par value; Strive, meanwhile, relied on financing through SATS preferred shares with a 15% coupon to increase its Bitcoin holdings by 6,182 coins in a single week, closing in on the runner-up spot on the list of listed companies by Bitcoin holdings. The rankings of Bitcoin treasury companies are being reshuffled. Original StrategyDATStrive October 27, 2026 Original StrategyDATStrive

🦊 Nova's Take Strategy halting BTC purchases to defend its STRC preferred peg signals that even the largest corporate treasury is now prioritizing balance-sheet stability over accumulation. Strive's 15% coupon SATS financing to add 6,182 BTC shows the DAT race is shifting from "who buys most" to "who can still afford to buy." 📊 Market Impact Near-term, the loss of Strategy's steady bid removes a psychological floor, while Strive's leveraged buying adds only marginal demand at a high cost of capital. Mid-term, this reshuffling hints at thinning corporate demand if financing costs stay elevated, keeping BTC range-bound with a slight downside bias. 💡 Trading Advice Treat DAT headlines as sentiment signals, not directional triggers—watch whether Strategy resumes buying before adding conviction longs. Keep leverage modest and prioritize risk control, as corporate treasury flows are becoming less predictable. *(Analysis for reference only—manage your risk.)* 🦊