Strive Is Boosting Its Bitcoin Holdings With Another 1,800 Coin Purchase

An investment firm is boosting its Bitcoin holdings with a major new purchase of 1,800 BTC.

The acquisition by the cryptocurrency treasury company Strive (ASST) cost $143 million at an average price of $79,431 per Bitcoin and brings the firm’s total stash to exactly 23,156 BTC.

The company says the move underscores its ongoing accumulation strategy amid current market conditions.

The firm disclosed the transaction in an 8-K filing with regulators while Bitcoin traded near $78,000, placing the entire position at a market value of $1.76 billion.

This latest addition continues the firm’s aggressive Bitcoin buying amid broader market trends.

With its latest massive BTC purchase, Strive is now the fifth-largest publicly traded corporate BTC holder, according to BitcoinTreasuries.NET.

Meanwhile, Strategy accumulated 4,603 Bitcoin at an average purchase price of $80,318 per BTC, spending a total of $370 million.I t’s the firm’s first BTC purchase since June 22nd, following two weeks where the firm didn’t add or sell any Bitcoin.

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