Strive Accelerates Bitcoin Buying as Treasury Race Heats Up

TLDR

• Strive purchased 1,800 BTC for about $143 million at an average price of $79,431 per Bitcoin.
• The latest acquisition increased Strive’s total Bitcoin holdings to 23,156 BTC, worth roughly $1.8 billion.
• Strive moved into fifth place among publicly traded corporate Bitcoin holders, overtaking Bullish.
• The company also bought 1,110 BTC in the previous week, showing a faster pace of Bitcoin accumulation.
• Strive has funded much of its Bitcoin strategy through common and preferred stock sales.

Strive has increased its Bitcoin holdings after buying another 1,800 BTC for about $143 million. CEO Matt Cole said the company paid an average price of $79,431 per Bitcoin. The purchase lifted Strive’s total holdings to 23,156 BTC.

At a Bitcoin price near $78,000, the company’s holdings are worth about $1.8 billion. The latest purchase also moved Strive into fifth place among publicly traded corporate Bitcoin holders, ahead of Bullish.

Strive Accelerates Bitcoin Purchases

The company has increased its buying pace in recent weeks. Strive added 1,110 BTC during the August 17 to August 21 period for about $81.5 million. Before the latest purchase, it held 21,356 BTC.

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