Strive Adds 6,182 Bitcoin as Public Companies Buy $510 Million

Strive bought 6,182 Bitcoin (BTC) last week in a roughly $510 million purchase, as public companies' combined weekly net buying reached about the same amount through 8 a.m. ET Oct. 26.

The combined total rose 42.5% from two weeks earlier. Strive announced the purchase on Oct. 26, putting its holdings at about 43,000 BTC. It paid $82,732 per coin.

The Smarter Web Company, a British Bitcoin treasury company, bought 20 BTC for $1.65 million on Oct. 23 at $82,286 per coin, bringing its holdings to 2,850 BTC. French fabless semiconductor company Sequans Communications held 1,018 BTC as of Oct. 23.

Neither Strategy nor Japan-listed Metaplanet bought Bitcoin last week. Public companies in the tally, which excludes miners, held 1,167,845 BTC worth about $93.64 billion, equal to 5.8% of Bitcoin's circulating market capitalization. That balance was 0.5% higher than two weeks earlier.