Strive Expands Bitcoin Holdings to 25,000 BTC with Latest Buy

Strive, a Nasdaq-listed bitcoin treasury, has increased its holdings to 25,000 BTC after purchasing 469 additional bitcoins. The company's stock (ASST) rose more than 6% following the news.

The latest buy brings Strive's total worth to nearly $2 billion at an average price of approximately $77,954 per bitcoin. This move solidifies Strive as one of the largest publicly traded bitcoin companies, ranking it fifth on Bitcoin Treasuries.

Strive CEO Matt Cole stated that 100% of the capital raised during the week came from sales of SATA, Strive's perpetual preferred stock. The company maintains a debt-free balance sheet, differentiating itself from other major bitcoin treasuries like Strategy, which have used leverage to buy bitcoins.