Strive Adds Over 1,100 Bitcoin to Holdings in One Week

Strive, a cryptocurrency treasury company, has made a significant addition to its holdings by purchasing 1,110 Bitcoin between August 17th and August 21st at an average price of approximately $73,409 each. The total cost of the acquisition came to roughly $81.5 million.

The purchase brings Strive's total Bitcoin holdings past 21,000 coins, with its current holding now standing at 21,356 BTC. This marks a significant increase from the prior week when it held 20,246 BTC.

Strive's treasury strategy involves steadily building reserves, and this latest acquisition aligns with that goal. The company's shares have seen an 11% surge following the news, and are currently trading at $20.14, representing a year-to-date increase of over 33%.