Strive Increases Bitcoin Holdings Past 24,500 BTC

Strive is doubling down on its Bitcoin strategy. CEO Matt Cole announced the purchase of 1,375 Bitcoin for roughly 109 million dollars. The company picked up these coins at an average price of 79,281 dollars each, bringing their total stash to 24,531 BTC. At current market prices, this holding is worth more than 1.9 billion dollars.

This move comes hot on the heels of another major buy from just last week, when the firm added 1,800 Bitcoin to its books. The funding for this recent acquisition relied heavily on capital raised through their SATA asset, which currently holds 999 million dollars in notional outstanding value.

While Strive continues to be an aggressive buyer, the broader market landscape is shifting. Other major corporate holders are currently sitting on the sidelines, focusing on internal share repurchases rather than fresh crypto buys. Traders will be watching to see if Strive can push its total Bitcoin valuation past the billion dollar mark in the coming weeks.