Strive Surges Past Bullish as 5th Largest Corporate Bitcoin Holder
Strive, a publicly traded asset manager and Bitcoin treasury company, has made significant additions to its Bitcoin holdings. The company acquired 1,800 BTC between August 24th and August 28th for approximately $143 million, bringing its total holdings to 23,156 BTC.
The purchase price averaged out at around $79,431 per coin, including fees and expenses. This latest acquisition pushed Strive past Bullish, a crypto exchange and digital asset infrastructure company, making it the fifth-largest publicly traded corporate holder of Bitcoin.
This move comes as part of Strive's accelerated accumulation strategy in recent weeks. According to Adam Livingston, an adviser to Saturn Credit, the company increased its Bitcoin holdings by roughly 8.4% in just five business days.