Strive Surges into Top Five Corporate Bitcoin Holders

Strive, Inc., a publicly listed Bitcoin treasury corporation, has entered the top five corporate holders of BTC after acquiring an additional 1,800 BTC for approximately $143 million. This purchase brings Strive's total holdings to 23,156 BTC.

The acquisition occurred between August 24 and 28 at an average cost of $79,431 per Bitcoin, with fees included. CEO Matt Cole announced the purchase through a Form 8-K disclosure on Monday.

TD Cowen has increased its price target for Strive's shares from $28 to $32 while maintaining a Buy recommendation. The investment firm anticipates that Strive will acquire nearly 4,300 BTC during the third quarter, representing an increase of over 180% from their previous estimate.