Strive Smashes Weekly Bitcoin Buying Record with $50M Deal

Strive, an asset management firm listed on NASDAQ under the ticker ASST, made its largest single-day Bitcoin purchase this week by dropping $50 million to acquire 429 BTC.

The company's weekly haul of 1,084 BTC solidifies Strive's position as a major corporate Bitcoin accumulator in public markets.

This latest round of purchases brought Strive's total Bitcoin holdings to over 21,000 BTC, worth approximately $2.4 billion at current prices.

Strive utilized its Variable Rate Series A Perpetual Preferred Stock (SATA) to raise the capital for this purchase, allowing it to convert investor appetite into Bitcoin on its balance sheet without diluting common stock.