Strive Inc. Adds $107M Worth of BTC Amid Issuance-Fueled Growth

Nasdaq-listed bitcoin treasury firm Strive Inc. made another large purchase of Bitcoin last week, buying 1,355 BTC for approximately $107.7 million.

This latest acquisition brings Strive's total holdings to 26,355 BTC, valuing its stash between $2.1 billion and $2.2 billion at current prices.

The company's strategy involves issuing new shares and preferred stock to raise capital, which is then used to buy Bitcoin. This process has been repeated over the past few months, with Strive purchasing 6,109 BTC in five consecutive buying periods.

Strive's holdings have grown more than 225% this year, making it the fifth-largest corporate holder of Bitcoin among publicly traded companies.