Strive Acquires 759 Bitcoin, Total Holdings Reach 19,864 BTC
Strive buys 759 BTC at $65,850, increasing its corporate treasury to nearly 20,000 Bitcoin.
Asset management firm Strive has added 759 Bitcoin to its corporate treasury, purchasing the coins at an average price of approximately $65,850 per BTC. The acquisition raises Strive's total Bitcoin holdings to 19,864 BTC, solidifying its position among the largest corporate holders of the cryptocurrency.
The purchase comes as part of Strive's ongoing strategy to allocate a portion of its assets to Bitcoin as a long-term store of value. The firm has consistently increased its BTC reserves over the past year, mirroring a broader trend among companies looking to diversify treasury holdings away from fiat currencies.
Strive's latest move adds to the growing wave of corporate Bitcoin adoption, with firms like MicroStrategy and Tesla holding significant amounts of the digital asset. The trend highlights increasing institutional confidence in Bitcoin as a hedge against inflation and currency debasement.