Strive Snaps Up 1,355 BTC as Bitcoin Price Surges Past $85K

Strive's Bitcoin treasury continues to grow as it acquired 1,355 BTC for $107.7 million at an average price of $79,475.

This purchase brings Strive's total Bitcoin holdings to 26,355 BTC, increasing the company's position value above $2.2 billion due to Bitcoin's surge past $85,000.

Chairman and CEO Matt Cole stated that the company paid an average of $79,475 per coin, with the purchase adding a large block of Bitcoin to Strive's balance sheet.

The acquisition is part of Strive's rapid accumulation strategy, which has continued throughout September. The company recently purchased 469 BTC for $36.6 million and has been using its SATA preferred equity program to fund these purchases.