1 min read
Add as a preferred source on Google

Strive Buys 1,223 Bitcoin for About $100 Million, Lifts Holdings

The Oct. 14–16 purchase brought Strive’s holdings to 36,818 BTC at an average price of $81,734 per coin.

Mentioned assets
A copper-colored coin rests inside an open steel vault drawer. / TokenPost.ai
A copper-colored coin rests inside an open steel vault drawer. / TokenPost.ai

Strive, Inc. bought 1,223 Bitcoin (BTC) for about $100 million, lifting its holdings to 36,818 BTC as the financial services company expands its corporate bitcoin treasury.

The company acquired the coins from Oct. 14 through Oct. 16 at an average price of $81,734 each. Strive CEO Matt Cole disclosed the purchase Oct. 19.

Strive holds bitcoin on its balance sheet as part of its corporate treasury strategy.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…