Strive, Inc. (ASST) Stock: Surge as New 79 BTC Buy Pushes Holdings to 20,246 Bitcoin
TLDR
- Strive stock gains 2.96% after the company adds 79 Bitcoin to its treasury.
- The latest Bitcoin purchase lifts Strive’s total holdings to 20,246 BTC today.
- Strive paid an average $63,231 per Bitcoin for its latest purchase of 79 BTC.
- The company retains $154.8 million in cash after expanding its BTC reserves.
- Strive’s Semler merger continues to support its growing Bitcoin treasury strategy.
Strive, Inc. shares rose 2.96% to $12.68 after the company expanded its Bitcoin treasury with another purchase. The Nasdaq-listed asset manager bought 79 Bitcoin during the week ending August 14. The acquisition lifted Strive’s total Bitcoin holdings to 20,246 BTC.
Strive Adds 79 Bitcoin to Corporate Treasury
Strive purchased the 79 Bitcoin between August 10 and August 14, according to its latest company disclosure. The company paid an average price of about $63,231 per Bitcoin, including fees and expenses. Therefore, the latest purchase represented an investment of almost $5 million.
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