Strive Surpasses 24,500 BTC Threshold with $109M Bitcoin Purchase

Strive continued its Bitcoin accumulation strategy by acquiring 1,375 BTC for $109 million at an average price of $79,281 per coin. This brings the company's total holdings to 24,531 BTC, surpassing the 24,500 threshold.

The latest purchase is part of a larger trend of frequent and substantial Bitcoin acquisitions by Strive. In fact, just one week earlier, the company had added another 1,800 BTC for $143 million at a similar average price.

Strive's CEO, Matt Cole, noted that 70% of the capital raised during the previous week came from SATA, which now has $999 million in notional outstanding. This funding source has enabled Strive to continue its aggressive Bitcoin buying strategy.

In contrast, Strategy, another prominent corporate Bitcoin buyer, had temporarily paused new purchases and shifted attention towards repurchasing STRC shares. However, this has allowed Strive to maintain a steady pace of accumulation while others step back.