Strive reportedly buys 638 Bitcoin with preferred stock proceeds this week
Photo: Crypto Briefing
Strive, Inc., a publicly traded company known for its significant Bitcoin holdings, reportedly generated sufficient cash from its preferred stock activity to purchase 638 Bitcoin this week. This development suggests a possible $55 million withdrawal from the open market for Bitcoin. Strive, led by CEO Matt Cole, has a history of leveraging its preferred stock instruments to expand its Bitcoin treasury, previously reporting substantial acquisitions of the cryptocurrency. However, the specific figures reported in this latest purchase have not been independently confirmed by other sources.
Source: Crypto Briefing
