Strive Acquires 1,375 Bitcoin for $109 Million Amid Growing Treasury

Strive, a publicly traded company, has made its latest Bitcoin purchase, adding 1,375 BTC to its treasury at an average price of $79,281 per coin. This acquisition brings Strive's total holdings to 24,531 BTC.

The company revealed the purchase on Monday, sticking to its weekly buying rhythm. This is not the first time Strive has followed this cadence; Michael Saylor's Strategy also adheres to a similar pattern of announcing purchases on the first business day of each week.

Strive CEO Matt Cole highlighted that 70% of the capital raised last week came from $SATA, its Variable Rate Series A Perpetual Preferred Stock, which now carries $999 million in notional outstanding.