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Crypto

Strive Snaps Up 1,355 More BTC as Price Hits New Heights

Guavy AI Editorial Team
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BTC
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Strive, a company led by Chairman and CEO Matt Cole, has made another significant purchase of Bitcoin. In the past week, they acquired 1,355 BTC for $107.7 million at an average cost of just under $79,500 per coin.

This latest purchase brings Strive's total holdings to 26,355 BTC, with their total position value growing to over $2.2 billion due to Bitcoin's recent surge past $85,000.

The company has been consistently purchasing Bitcoin using non-dilutive preferred equity financing, a strategy that has allowed them to accumulate such a large position in the cryptocurrency.

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