Strive Acquires 1,800 Bitcoin, Becomes 5th Largest Corporate Treasury
- Strive acquired an additional 1,800 BTC for $143 million at an average price of $79,431 per coin.
- Total Bitcoin holdings now stand at 23,156 BTC, valued at approximately $1.769 billion.
- ASST stock rose over 5%, extending its monthly rally to more than 100%.
- Cash and cash equivalents increased to $183.5 million following the purchase.
- Trading volume for Bitcoin surged by 96% in the last 24 hours.
- Current Bitcoin price remains volatile around $78K with a low of $77,161 and a high of $79,346 in the past day.
Strive’s recent acquisition positions it as the fifth-largest corporate holder of Bitcoin globally, surpassing crypto exchange Bullish. The firm continues to accumulate despite market fluctuations and investor sentiment remains positive as ASST stock performs strongly.
With total holdings now at 23,156 BTC, Strive’s strategic purchases reflect ongoing confidence in cryptocurrency assets amidst market volatility.(Source)
