Strive's Bitcoin Treasury Swells to Over 21,300 BTC Amid Market Rally

Strive's Bitcoin treasury has expanded to 21,356 BTC after purchasing 1,110 coins for $81.5 million at an average price of $73,409.

The acquisition took place between August 17 and August 21, with the company's cash balance increasing to $171.9 million during that period.

The Strive Bitcoin treasury now holds a market value near $1.70 billion, with the new coins valued at $88.1 million based on the current price of around $79,400.

Bitcoin reclaimed its 1,130-day simple moving average above $74,000, which analysts believe could be a bullish signal for the broader market.