Strive Expands Bitcoin Holdings with $185 Million Purchase
- Strive acquired an additional 2,500 BTC for approximately $185.2 million at an average price of $74,092 per Bitcoin.
- This purchase increased Strive’s total Bitcoin holdings to 19,000 BTC.
- The company reported a Bitcoin yield of 23% for the quarter and 36.7% for the year.
- Strive’s recent fundraising efforts raised approximately $194.3 million in one week.
- Plans are underway to increase capital-raising through equity programs by $4.2 billion combined for ASST and SATA securities.
The latest acquisition follows a previous purchase of 1,109 BTC worth about $85.4 million just days earlier, indicating a strong buying trend amidst fluctuating market conditions.
With this new acquisition, Strive reinforces its position in the market, having recently boosted its holdings by over $185 million in Bitcoin purchases.(Source)
