Strive Doubles Down on Bitcoin Holdings with $83M Purchase

Strive, a Bitcoin treasury company and asset manager, has made another significant purchase of BTC, acquiring an additional 1,110 units for $81.5 million at an average price of $73,409 per unit.

The purchases were completed in tranches, with the firm buying 147 BTC between August 3 and 7 at an average price of just over $64,800, followed by another 79 BTC a week later at an average price of $63,231.

The rest of the units were accumulated in the past few weeks as BTC's price appreciated to almost $80,000 last Friday.

Strive now holds a total of 21,356 BTC, up from 15,009 units held on May 12.