Strive Surges Past Bullish with $143 Million Bitcoin Buy

Strive has bolstered its position among public holders of Bitcoin after adding 1,800 BTC for approximately $143 million. The acquisition increased its treasury to 23,156 BTC, pushing it past Bullish into fifth place. The coins were purchased between August 24 and August 28 at an average price of $79,431 each.

The move extends Strive's aggressive Bitcoin accumulation strategy, which has seen the company add significant amounts to its treasury in recent weeks. In the previous week alone, it acquired 1,110 BTC, bringing the total number of coins added over two weeks to 2,910 for around $224.5 million.

The company continues to fund its Bitcoin expansion through ASST common stock and SATA preferred stock programs, which have increased its Class A share count by 3.58 million in the most recent reporting quarter. The issuance of more equity can reduce existing shareholders' value, but it also provides Strive with a potential fundraising capacity of up to $4.2 billion.