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Strive Snaps Up 1,110 BTC for $81.5M Amid Crypto Market Recovery

Guavy AI Editorial Team
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Strive, a Bitcoin treasury company and asset manager, made a significant purchase of 1,110 BTC for $81.5 million at an average price of $73,409 per unit. The acquisition was done in tranches, according to CEO Matt Cole.

The move highlights institutional treasury accumulation that could support the Bitcoin price and adoption as the crypto market continues to pick up. This development has implications for investor demand and market liquidity.

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