Strive Buys More Bitcoin While Sitting on a $292 Million Paper Loss
Bitcoin (BTC) treasury firm Strive purchased 1,110 BTC for roughly $81.5 million last week, lifting its treasury to 21,356 coins.
The purchase cut Strive's average cost to $93,257 per coin from $94,345. However, its Bitcoin reserve still carries a paper loss of more than $292 million.
Strive Keeps Buying While Its BTC Reserve Stays Underwater
The 1,110 coins mark Strive's largest purchase since June 1, when it added 2,499 Bitcoin. It disclosed the purchase in an 8-K filing with the Securities and Exchange Commission (SEC) on August 24.
The coins were acquired between August 17 and 21. The company paid an average of $73,409 per coin, inclusive of fees and expenses. Strive made two smaller purchases earlier in August.
It added 147 coins in the first week and 79 in the second. Those buys cost $14.5 million combined, less than a fifth of the latest purchase.
The firm has now spent $1.99 billion across 29 separate purchases since September 2025. It has never sold a coin. The reserve is currently valued near $1.70 billion, or 14.66% below cost.
โฆ Continue reading the full article at the original source below.
