Strive Reaches 25,000 Bitcoin Milestone with $36.6 Million Purchase

Strive, a company focused on accumulating Bitcoin (BTC), has reached a significant milestone in its holdings. The company purchased 469 BTC between September 8 and September 11 at an average cost of approximately $77,954 per BTC, including fees and expenses.

The total purchase value was around $36.6 million, which was entirely funded by proceeds from Strive's perpetual preferred stock, SATA. This latest acquisition brings the company's Bitcoin holdings to exactly 25,000 BTC.

Strive had previously acquired 1,375 BTC between August 31 and September 4 for approximately $109 million. The two purchases combined add up to 1,844 BTC over roughly two weeks.