Strive Adds $81.5M in Bitcoin as Corporate Treasury Reaches 21,356
Covered by 2 sources · 2 articles
Strive, a corporate Bitcoin accumulator, purchased 1,110 BTC for $81.5 million, lifting its total holdings to 21,356 BTC. The acquisition averaged $73,409 per coin and was funded through equity raises, which also boosted the company's cash reserves to $171.9 million. The move reflects Strive's ongoing strategy of converting shareholder capital into Bitcoin reserves, now exceeding the 21,000-BTC milestone.
- Strive has crossed 21,000 BTC in holdings through incremental share-based funding rounds, positioning itself as a significant Bitcoin holder among corporate treasuries.
- The company maintains a cash buffer of $171.9 million alongside its Bitcoin position, providing runway for future purchases.
- Corporate Bitcoin accumulation via equity dilution remains a distinct strategy from traditional treasury reserves, with varying execution across companies.
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Strive adds 1,110 BTC to treasury, holdings reach 21,356 BTC after $81.5 million purchase
🚀 Strive added 1,110 BTC, bringing its total Bitcoin holdings to 21,356 BTC. 💰 The latest purchase cost $81.5 million at an average price of $73,409 per Bitcoin. 📈 Cash reserves rose to $171.9 million as Strive expanded its funding base.…
Strive Adds $81.5M in Bitcoin as Corporate Treasury Reaches 21,356
The latest purchase pushes Strive’s holdings above 21,000 BTC as the company continues using share sales to fund its Bitcoin strategy.