Strive Buys Over 6,100 Bitcoin at $80k Average Price

Strive, a US corporate Bitcoin treasury company, has significantly expanded its Bitcoin holdings over the past month. According to Lookonchain data, Strive purchased 6,106 Bitcoin between August 24 and September 25 at an average price of about $80,375 per coin.

This massive acquisition brings Strive's total Bitcoin holdings to 27,462, making it one of the top five publicly traded companies worldwide in terms of Bitcoin ownership. The total value of these purchases amounts to approximately $490.77 million.

The company has been funding its Bitcoin buys through various means, including the issuance of its perpetual preferred stock, SATA. Strive's aggressive investment strategy in Bitcoin highlights its commitment to diversifying its assets and riding the wave of cryptocurrency growth.