Strive Doubles Down on Bitcoin with $109 Million Investment

Strive, a public investment company, made a significant purchase of Bitcoin between August 31 and September 4. The company acquired 1375 BTC at an average price of $79,281 per unit, including fees and expenses. This acquisition totals around $109 million.

The Strive reserve has grown from 23,156 to 24,531 BTC as a result of this purchase. On September 4, the company also held $202.6 million in cash and equivalents and 505,000 STRC preferred shares valued at $49.4 million.