Strive buys 382 BTC for roughly $30 million, holding spot as ninth-largest bitcoin treasury
Strive, Inc. has increased its Bitcoin holdings to 15,391 BTC after a recent $30 million purchase, solidifying its rank as the ninth-largest corporate treasury.Summary
Strive, Inc. has purchased an additional 382 BTC for approximately $30 million, bringing its total holdings to 15,391 bitcoin, valued at nearly $1.2 billion. According to CEO Matt Cole, the acquisition occurred at a price of roughly $79,348 per bitcoin. This move maintains Strive's position as the ninth-largest corporate bitcoin treasury globally, placing it behind Riot Platforms and ahead of Hut 8.
To fund these acquisitions, Strive has successfully raised significant capital through secondary stock offerings and the issuance of preferred securities, mirroring strategies used by other major holders like Michael Saylor’s Strategy. Founded in 2022 by Vivek Ramaswamy, Strive focuses on digital asset management and has actively expanded its treasury through both direct purchases and corporate acquisitions, including its recent takeover of Semler Scientific.
(Source：The Block)