Strive CEO Hints at More Bitcoin Purchases

Strive Inc. Assistant CEO Matt Cole hinted that the company may soon announce additional Bitcoin (BTCUSD) purchases. In a post on X, Cole shared a chart showing Strive's current holdings of 27,462 BTC, valued at $2.37 billion. This positions Strive as the sixth-largest corporate holder of Bitcoin.

The post echoed the company's strategy of offering leveraged Bitcoin exposure through its common stock, funded by preferred equity. Cole's approach mirrors that of Michael Saylor and Strategy Inc., known for their Bitcoin accumulation tactics. Saylor recently described companies like Strive as allies rather than competitors.

Last year, Strive, founded by Vivek Ramaswamy, completed a reverse merger with Asset Entities Inc., becoming a publicly traded Bitcoin treasury company. As of the report, Bitcoin was up 1.50% in the last 24 hours to $86,465, while Strive shares rose 3.30% in pre-market trading.