Bitcoin Buy Spree: Strategy and Strive Spend $182.7 Million on Crypto

Strategy and Strive have joined forces to scoop up a combined $182.7 million worth of Bitcoin, bringing their total holdings to an impressive 928,355 BTC. This latest purchase comes as the price of Bitcoin surges past $86,000.

The announcement marks a significant move for both companies, with Strategy buying 950 BTC for $75.7 million and Strive snapping up 1,355 BTC for $107.7 million. This is not their first foray into buying Bitcoin, as Strategy resumed its purchases in August after a 10-week hiatus.

Strategy's bitcoin holdings now stand at 846,000 coins, worth $72.7 billion at today's prices, making it the biggest corporate holder of Bitcoin. Strive has also continued to buy Bitcoin every week, moving up the rankings of companies holding the cryptocurrency and becoming the fifth largest corporate holder with 26,355 BTC worth $2.2 billion.