Strive Asset Management Doubles Down on Bitcoin with Record Treasury Holdings
Strive Asset Management has increased its Bitcoin holdings to 20,246 BTC after purchasing an additional 79 units. The company acquired the new Bitcoins between August 10 and August 14 at an average price of $63,231 per unit.
The total value of Strive's Bitcoin treasury now stands at approximately $1.27 billion based on current market prices.
Strive's CEO Matt Cole has stated that the company finances its Bitcoin purchases through capital-market programs rather than relying solely on traditional senior debt.
Cole also mentioned that Strive is reviewing MSCI's revised proposal covering the eligibility of companies with large investment assets in broad market indexes. The company previously opposed an approach that could exclude firms like Strategy when digital assets represented at least 50% of total assets.