Strive Adds 1,110 BTC to Holdings for $83M

Strive, a company that manages Bitcoin holdings for its clients, has made another significant purchase of the cryptocurrency. According to CEO Matt Cole, Strive acquired an additional 1,110 BTC at an average price of $73,409 per unit. This purchase brings Strive's total Bitcoin holdings to 21,356 units.

The company bought the coins in tranches over several weeks, starting with a small purchase of 147 BTC between August 3 and 7 at an average price of just over $64,800. A week later, it purchased another 79 BTC at an average price of $63,231. The remaining coins were acquired as the price of Bitcoin appreciated to nearly $80,000 last Friday.

This is Strive's second significant purchase of Bitcoin in recent months. The company now holds a substantial amount of the cryptocurrency, which may indicate its confidence in the market's growth prospects.