Strive Asset Management Expands Bitcoin Holdings Amid Strategy’s Pause
- Strive Asset Management purchased 444 BTC for approximately $33.9 million, averaging $76,307 per coin.
- This acquisition brings Strive’s total Bitcoin holdings to around 15,000 BTC, ranking them ninth globally.
- Prior to this, Strive acquired an additional 789 BTC for over $61 million at an average price of nearly $77,890.
- Strive reported a quarter-to-quarter Bitcoin yield of 4.3% and an annual performance of 18.7%.
- The company issued over half a million SATA shares linked to its Bitcoin accumulation strategy in April.
Strive continues its aggressive accumulation strategy while Michael Saylor’s Strategy paused its buying spree after four consecutive weeks of purchases. The recent activity underscores Strive’s commitment to increasing exposure to Bitcoin.
With the latest purchase of BTC, Strive has solidified its position as a major player in the cryptocurrency space, now holding approximately $33.9 million worth of Bitcoin in this transaction alone.(Source)
