Strive buys $335M in Bitcoin, boosting holdings to 36,818 BTC
The Bitcoin treasury company added another 1,223 BTC after an earlier purchase pushed it past MARA Holdings, while continuing to expand its reserves through equity financing.
Bitcoin treasury company Strive purchased 4,045 Bitcoin for approximately $335 million last week, bringing its total holdings to 36,818 BTC as it continues to expand its cryptocurrency reserves through equity financing.
The company acquired the Bitcoin (BTC) between Oct. 12-16 at an average price of $82,803 per coin, including fees and expenses, according to a Monday filing with the US Securities and Exchange Commission.
Strive is now the fourth-largest publicly traded corporate BTC holder, ahead of MARA Holdings, with reserves valued at approximately $3 billion, according to data from BitcoinTreasuries.net. MARA was reported to be selling some of its holdings, as Arkham tracked wallets linked to the miner depositing about $82 million worth of the crypto into Binance and Gate in recent days.
