Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months
BTC when published $85,620Now $80,595 ▼ −5.87% since it was published
The publicly traded company paid an average of about $84,422 per coin between Sept. 28 and Oct. 2, according to its a filing with the SEC. That works out to roughly $169 million. The company’s last biggest buy was 2,500 Bitcoin between May 23 and June, which lifted Strive's total to 19,000. Holdings now stand at 29,462 Bitcoin as of Oct. 2. At an average price of roughly $86,000 per coin, that's about $2.5 billion. Strive is what's called a Bitcoin treasury company—a business that raises money from investors and parks it in Bitcoin instead of cash.
First reported by Decrypt. This page is a short excerpt; the full text is theirs.
