Strive Buys 1,110 BTC, Lowering Average Cost Despite $292M Unrealized Loss
Treasury firm Strive added 1,110 BTC last week, cutting its average purchase price while still holding a sizable paper loss.
Strive, a bitcoin treasury company, bought 1,110 BTC for approximately $81.5 million last week, raising its total holdings to 21,356 coins. The purchase was disclosed in company data reviewed by BeInCrypto.
The latest acquisition lowered Strive's average cost per bitcoin to $93,257 from $94,345. Even so, the company's bitcoin reserve still shows an unrealized paper loss of more than $292 million.
Key figures
- 1,110 BTC purchased for roughly $81.5 million
- Total treasury now stands at 21,356 BTC
- Average cost reduced from $94,345 to $93,257 per BTC
- Unrealized loss exceeds $292 million
Strive's continued buying follows a pattern among corporate bitcoin holders that treat drawdowns as accumulation opportunities. The company has not announced any change to its treasury strategy despite the paper loss.