Strive Expands Bitcoin Holdings to 25,000 BTC with Recent Purchase
- Strive acquired 469 Bitcoin for approximately $36.6 million, increasing its total holdings to 25,000 BTC.
- The purchase occurred between September 8 and September 11 at an average price of $77,954 per BTC.
- As of September 11, Strive held $204.2 million in cash and equivalents and additional preferred stock valued at about $49.8 million.
- Strive’s market capitalization reached approximately $2.5 billion, surpassing that of Metaplanet.
- Shares of Strive rose over 7% on Monday, reflecting a rally that has seen the stock price more than double in a month.
The recent acquisition reinforces Strive’s position as a significant player in the Bitcoin treasury space, following its emergence as the fifth-largest publicly traded corporate holder of Bitcoin last month. The company’s strategic funding through sales of preferred stock has contributed to this expansion.
With this latest purchase and a growing market cap, Strive is well-positioned within the cryptocurrency landscape as it aims for further growth in its Bitcoin holdings.
