Strive Stacks Another 1,107 BTC as Total Holdings Approach 27,500

Strive has continued its streak of buying Bitcoin (BTC) with another purchase of 1,107 units at an average price of $85,396. This acquisition brings the company's total holdings to 27,462 BTC, valued at around $2.3 billion given the current market price.

The company's Variable Rate Series A Perpetual Preferred Stock (SATA) has been used to raise capital and buy BTC while paying investors a high yield. Since its consecutive weekly purchases began, Strive has acquired at least nine batches of Bitcoin.

CEO Matt Cole announced the latest purchase via Twitter, revealing that the company spent $94.5 million on the 1,107 BTC. This acquisition comes as no surprise, given the company's history of buying up large amounts of Bitcoin over the past few months.