Strive Expands Bitcoin Holdings with $143 Million Purchase
- Strive acquired another 1,800 BTC for approximately $143 million.
- The average purchase price was $79,431 per Bitcoin, bringing Strive’s total holdings to 23,156 BTC, valued at about $1.76 billion.
- This acquisition follows a merger with Asset Entities and aligns with a broader trend of corporate Bitcoin treasury strategies.
- Strategy resumed buying after a two-month pause with a $370 million purchase, while Bitmine made its largest Ethereum acquisition since June.
- Bitcoin traded around $78,600 on Monday, marking its strongest month since August with over a 24% gain.
Strive continues its aggressive accumulation strategy by adding another significant tranche of Bitcoin to its treasury, reflecting the growing trend among public companies to hold cryptocurrency as part of their financial strategy.
With this latest purchase, Strive’s total Bitcoin holdings are now valued at approximately $1.76 billion, underscoring the firm’s commitment to leveraging cryptocurrency as a key asset in its portfolio.(Source)
