Strive Doubles Down on BTC with $83M Purchase

Strive, a Bitcoin treasury company and asset manager, has made another significant purchase of BTC. In a recent announcement by its CEO, Matt Cole, Strive acquired an additional 1,110 BTC for $81.5 million at an average price of $73,409 per unit.

The purchases were made in tranches between August 3 and 24, with some units bought at prices ranging from $64,800 to over $80,000. This latest acquisition brings Strive's total holdings to 21,356 BTC.

This is the second significant purchase made by Strive in recent months, following a ramp-up of its efforts to increase its Bitcoin holdings. In May, Strive held 15,009 BTC before making this latest purchase.