Strive Buys $280 Million in Bitcoin, Its Largest Purchase in Months
Summary
Strive bought 3,311 Bitcoin for about $280 million between Oct. 5 and Oct. 9, its largest purchase since January. The Nasdaq-listed company paid an average of roughly $84,500 per coin, bringing its holdings to 32,773 BTC, valued at about $2.73 billion. The purchase extends a rapid accumulation streak as Bitcoin fell from recent highs. Strive also holds Strategy preferred shares and about $310 million in cash. Its buying reflects a broader trend among public companies building crypto treasuries, but the strategy leaves its fortunes exposed to Bitcoin’s volatility and questions about whether stock premiums depend on continued accumulation.
