Strive increases Bitcoin holdings to 16,500 with new purchase
- Strive (ASST) acquired 1,109 bitcoin at an average price of approximately $76,989 per coin.
- Total Bitcoin holdings rose from 15,391 BTC to 16,500 BTC.
- Strive is now the seventh-largest publicly traded company holding Bitcoin.
- Cash and cash equivalents increased from $87.3 million to $93.3 million.
- Holdings of Strategy Inc.’s STRC preferred stock rose in value to over $50 million.
The recent acquisition reflects Strive’s strategy to enhance its asset base while also evaluating potential capital raises linked to its common and preferred stocks.
Following this purchase, Strive’s shares rose by 3%, coinciding with Bitcoin’s rebound back to $77,000.
