Strive Doubles Down on Crypto with $109M Bitcoin Buy

Strive, a publicly traded financial firm, has made another significant move in its cryptocurrency portfolio. The company announced that it acquired an additional 1,375 Bitcoin for $109 million at an average cost of $79,281 per Bitcoin on September 4.

This purchase brings Strive's total Bitcoin holdings to 24,531 BTC, with an overall average acquisition cost of $91,467 per BTC. The company's dashboard reported a current Bitcoin treasury value of $1.93 billion across 31 transactions.

Strive Chairman and CEO Matt Cole made the announcement on X, stating that 70 percent of the capital raised the previous week came from $SATA, which now carries $999 million in notional outstanding. He added the phrase 'Time to break the billion-dollar wall.'