Reported November 11, 2026. At 17:38 China Standard Time (UTC+8), TechFlow relayed figures it attributed to Bitcoin Treasuries: asset manager Fidelity had added shares of Strive (ASST), a company the note describes as turning itself into a bitcoin treasury company.
What the note claims, and who is saying it, should stay distinct from what it proves.
The shareholding claim. Bitcoin Treasuries, as quoted by TechFlow, said Fidelity—described there as managing about $7.8 trillion and as the world’s third-largest asset manager—bought 2.35 million Strive shares worth about $51 million. The same disclosure put Fidelity’s total at 12.24 million shares, worth about $265.3 million, with the share count up about 23%. TechFlow said those disclosed figures imply an average price of about $21.70 a share for this addition, and that Fidelity was then one of Strive’s significant shareholders.
Those counts, dollar values, the “about 23%” increase, and the third-largest-manager label are attributed to that Bitcoin Treasuries disclosure via TechFlow. They are not a Fidelity statement reproduced here, and this piece does not independently confirm a filing or a trade. The $21.70 figure is a calculation from the disclosed totals (“折算”), not a purchase price Fidelity is quoted as announcing.
A separate claim about Strive’s bitcoin. TechFlow also said Strive’s Form 8-K, filed November 9, showed 43,153 bitcoin held as of November 6, and that the company added 29 bitcoin the previous week at an average price of $75,721. The note does not say whether those 29 coins sit inside the 43,153 or beside it. The equity stake (Fidelity’s reported Strive shares) and the bitcoin Strive reports holding are different figures. Nothing in the note converts one into the other.
What is still open. The report does not establish why the shares were bought, whether the position is a dedicated bitcoin-treasury bet or an ordinary fund holding, or how it compares with Fidelity’s stated $7.8 trillion of assets. A larger disclosed share count is not evidence of a coming move in ASST or in bitcoin.
Original report: TechFlow, November 11, 2026.
