Strive adds 3,311 bitcoin for $280M, lifting holdings to 32,773 BTC
The Oct. 5-9 purchase is the company's largest bitcoin acquisition since January and narrows the gap between its treasury and MARA's, according to The Block.
Strive acquired 3,311 bitcoin for about $280 million between Oct. 5 and Oct. 9, according to a report from The Block. The transaction is the company's biggest single bitcoin purchase since January.
The addition lifts Strive's total holdings to 32,773 BTC, moving it closer to MARA, the mining company whose balance sheet has long been among the largest corporate bitcoin treasuries.
A crowded treasury race
- Strive bought 3,311 BTC over the Oct. 5-9 window
- Disclosed spend: roughly $280 million
- Post-purchase holdings: 32,773 BTC
- The gap with MARA's stockpile has narrowed
Listed companies have spent the past several years converting cash and equity raises into bitcoin, a strategy popularized by Strategy and since taken up by miners, exchanges and smaller firms looking to offer shareholders exposure to the asset. The size of a company's holdings is now a common comparison point among these treasury operators.
Strive has not outlined what the latest purchase means for its future buying plans. The reported figures are based on the company disclosures cited by The Block and have not been independently verified here.