Strive Doubles Down on Bitcoin Holdings with $143M Purchase

Strive, a publicly traded asset manager and Bitcoin treasury company, has made a significant move in its accumulation strategy by purchasing 1,800 BTC for approximately $143 million. This purchase brings Strive's total holdings to 23,156 BTC, up from 21,356 BTC just one week earlier.

The acquisition was made between Aug. 24 and Aug. 28, with an average price of $79,431 per BTC, including fees and expenses. CEO Matt Cole confirmed the purchase on Monday.

This move has propelled Strive into the ranks of the world's five biggest publicly traded corporate Bitcoin holders, surpassing Bullish, a crypto exchange and digital asset infrastructure company.