Strive Boosts Bitcoin Holdings with $81.5 Million Acquisition

Strive (ASST) has significantly expanded its bitcoin holdings through a recent purchase of approximately $81.5 million worth of BTC. The company acquired 1,110 Bitcoin between August 17 and August 21, bringing its total holdings to 21,356 BTC.

This new acquisition represents an increase of about 5.5% from Strive's previous holding of 20,246 BTC as of mid-August. The purchased bitcoin was bought at an average price of $73,409 per coin, inclusive of fees and expenses.

Strive now ranks seventh among public companies holding Bitcoin, according to data from Bitcoin Treasuries. Michael Saylor's Strategy (MSTR) leads the cohort with 840,447 BTC, followed by Twenty One Capital with 43,514 BTC, Metaplanet with 43,000 BTC, MARA with 35,577 BTC, and Bitcoin Standard Treasury Company with 30,021 BTC.

Strategy's recent actions have also been notable. The company sold 18.26 million MSTR shares for about $2 billion between August 17 and August 23 but did not buy or sell bitcoin during the period.