Strive Buys Another Chunk of Bitcoin, Now Holds $2.3 Billion Worth

Strive, Inc., the fifth largest public bitcoin treasury company, has made another significant purchase of Bitcoin. Between September 21 and 25, Strive acquired 1,107 BTC at an average price of $85,396 per coin, totaling $94.5 million.

The latest purchase brings Strive's total holdings to 27,462 BTC, worth approximately $2.3 billion at current prices. This significant addition to its Bitcoin stash has contributed to a nearly 70% year-to-date increase in Strive's stock price (ASST).

Strive raised the necessary capital mainly through SATA perpetual preferred stock sales, which accounted for 85% of the total capital raised last week.