Strive’s Major Bitcoin Acquisition Boosts Corporate Holdings
- Strive purchased 1,800 Bitcoin for approximately $143 million between Aug. 24 and Aug. 28.
- The average purchase price was $79,431 per BTC, including fees.
- Strive’s total Bitcoin holdings increased to 23,156 BTC, up from the previous week’s total of 21,356 BTC.
- This acquisition marked an increase of about 8.4% in their holdings within five business days.
- Strive surpassed Bullish to become the fifth-largest publicly traded corporate holder of Bitcoin.
The recent purchases by Strive align with a broader recovery in the Bitcoin market following announcements from the US Treasury Department that positively impacted risk assets.
With this latest acquisition of $143 million worth of Bitcoin, Strive has solidified its position as a major player in corporate cryptocurrency holdings.(Source)
