Corporate Giants Pour Billions into Bitcoin Treasuries

Strategy and Strive Inc., two aggressive corporate Bitcoin buyers, have made significant additions to their treasuries. In late August, Strategy scooped up 4,603 BTC worth approximately $370 million, bringing its total holdings to a massive valuation.

Strive Inc., trading under the ticker ASST, has been on a tear with its own Bitcoin acquisition strategy. The company acquired 1,800 BTC for about $143 million in its most recent purchase, which works out to an average price of around $79,431 per Bitcoin.

The company's approach is notable as it relies on its Variable Rate Series A Perpetual Preferred Stock, ticker SATA, which carries a 13% dividend rate. Strive has maintained a debt-free funding strategy, keeping strong cash buffers alongside its growing Bitcoin hoard.