Strive Doubles Down on Bitcoin Holdings With $61M Purchase

Strive, a Bitcoin treasury firm, has made a significant addition to its holdings by purchasing 789 Bitcoin for $61.43 million at an average price of $77,890 per coin.

The acquisition was announced on Monday by CEO Matt Cole and brings the company's total holdings to 14,557 Bitcoin.

At current prices, Strive's position is valued at approximately $1.3 billion, placing it ninth among corporate holders in the Bitcoin Treasuries data.

Strive issues a preferred security called the Variable Rate Series A Perpetual Preferred Stock, under the ticker SATA, which raised around $160 million in its initial offering and another $225 million in a follow-on offering.