Strive Expands Bitcoin Treasury to 20,000 BTC After New Purchase

Strive Inc., a Nasdaq-listed company, has increased its bitcoin holdings to 20,000 BTC after purchasing 79 additional coins between July 20 and July 24. The average price paid per coin was approximately $65,723, including fees.

The purchase lifted Strive's total treasury to exactly 20,000 BTC, with a cash balance of $154 million at the end of the reporting week. However, this decline in cash is smaller than the purchase price alone would account for, indicating that part of the funding came from equity issuance rather than spare cash.

The company also holds Strategy Inc.'s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock), with 505,000 shares valued at $43.879 million as of July 24.