Crypto
Strive Expands BTC Holdings to 24,531 with Latest Purchase
Strive, a U.S. bitcoin treasury firm, continues to expand its bitcoin holdings by purchasing additional BTC.
In its latest acquisition, Strive bought 1,375 bitcoins from August 31 to September 4, bringing its total holdings to 24,531 BTC.
The average purchase price, including fees and expenses, was $79,281 per bitcoin, with a total cost of approximately $109 million.
Strive's chief executive officer, Matt Cole, stated that about 70 percent of the funding for this purchase came from issuing variable-rate perpetual preferred stock SATA.