Strive Buys 469 More Bitcoins Worth $36.6 Million

Strive's Bitcoin holdings have surged to 25,000 BTC after the company purchased an additional 469 coins. This acquisition, which took place last week, cost $36.6 million, with Strive paying an average price of approximately $78,000 per Bitcoin.

The latest purchase has significantly increased Strive's Bitcoin holdings, now valued at around $1.95 billion at current market prices. Bitcoin itself traded at $78,612.74 as of the latest update, experiencing a 1.98% increase over the past 24 hours but remaining down 0.80% from last week.

The company's CEO, Matt Cole, highlighted SATA as the sole source of capital raised during this period, and Strive's perpetual preferred stock has recently surpassed $1 billion in notional value outstanding.