Strive Takes Bitcoin Holdings Past 25,000 with $36.6 Million Purchase

Strive, a U.S.-based asset manager, has significantly increased its Bitcoin holdings. The company bought an additional 469 BTC last week at an average price of around $78,000 per token, bringing its total to over 25,000 BTC.

The purchase cost Strive approximately $36.6 million and has put the value of its Bitcoin holdings at about $1.95 billion. The company's CEO, Matt Cole, stated that all funds used for this acquisition came from sales of perpetual preferred stock, SATA.

Strive is now the world's fifth-largest public-company holder of BTC, behind Strategy, Twenty One, Metaplanet, and MARA. While its pace of purchases has slowed from previous weeks, Strive is still a major player in the corporate Bitcoin market.