Strive Adds 3,311 Bitcoin in Implied $280 Million Purchase

Strive purchased 3,311 Bitcoin (BTC) between Oct. 5 and Oct. 9, increasing its holdings to 32,773 BTC as the Nasdaq-listed asset manager expanded its corporate treasury position.

The company disclosed an average purchase price of approximately $84,500 per Bitcoin, including fees and expenses. That implies a transaction value of roughly $279.8 million, although Strive did not state a total dollar cost.

Strive’s Bitcoin holdings rose from 29,462 BTC on Oct. 2. Over the same period, its cash and cash equivalents increased to $310.3 million from $284.7 million.

The company’s Class A and Class B shares totaled 110,387,204 on Oct. 9, up from 100,938,986 on Oct. 2. Strive trades on Nasdaq under the ticker ASST and has made Bitcoin accumulation a central part of its corporate treasury strategy.