Strive Buys 2,000 Bitcoin as Its Treasury Push Picks up Steam
Key Summary
Strive, a cryptocurrency company, has bought 2,000 Bitcoin for approximately $169 million, increasing its treasury to 29,462 BTC. The purchase is about six times larger than Strategy's latest 334 BTC addition. Strive's treasury total has increased by 25% since the beginning of the year. The company has been accumulating Bitcoin through various means, including its treasury and investments. Strive's CEO, Matt Cole, stated that SATA supplied 61.5% of the company's capital raised for the week, and Strategy added 334 BTC as part of the expansion. The purchase was made in a single week, and Strive's treasury total has increased by 25% since the beginning of the year.
Strive bought 2,000 bitcoin for roughly $169 million in a single week, lifting its treasury total to 29,462 BTC. The purchase was about six times larger than Strategy’s latest 334 BTC addition, even though Strategy still controls a stack roughly 29 times Strive’s size. Strive funded the expansion partly through SATA preferred stock and $56.7 […]