Strive Adds $280M in Bitcoin, Outpacing Strategy With Biggest Buy Since January

Strive has acquired another 3,311 bitcoin for approximately $280 million, marking its largest weekly purchase since January and its third-largest acquisition to date, as the company accelerates its accumulation strategy through warrant exercises and preferred stock issuance. The Nasdaq-listed company purchased the bitcoin between Oct. 5 and Oct. 9 at an average price of approximately $84,500 per coin, including fees and expenses, according to a filing with the Securities and Exchange Commission (SEC) on Tuesday. The acquisition increased Strive’s holdings from 29,462 BTC to 32,773 BTC, an 11.2% increase in a single week.

Source: Bitcoin.com News