Strive Lands 1,110 More Bitcoins, Boosts Treasury Holdings

Strive, a public company, has significantly strengthened its position in Bitcoin by acquiring an additional 1,110 BTC for approximately $81.5 million between August 17 and 21. This purchase was made at an average price of $73,409 per coin, including fees and expenses.

The acquisition increased Strive's total holdings to 21,356 BTC, representing a 5.5% increase from the 20,246 BTC it held in mid-August. According to Bitcoin Treasuries, this places Strive as the seventh-largest public company by bitcoin held in its treasury.

Strive's CEO, Matt Cole, has expressed confidence that the bear market for Bitcoin has ended, citing bullish breakouts against both the dollar and gold. He anticipates strong demand for scarce assets will favor Bitcoin.