Strive Asset Management Increases Bitcoin Treasury Holdings to 26,355 BTC
What happened
Strive Asset Management acquired 1,355 Bitcoin, boosting its corporate treasury to 26,355 BTC.
The Context
- Aggressive Strategy: Strive's acquisition aligns with its strategy of using equity financing to accumulate Bitcoin, reflecting a trend among public companies seeking direct exposure to the cryptocurrency.
- Market Position: With this purchase, Strive ranks as the fifth-largest public Bitcoin treasury holder, trailing behind notable competitors.
- Funding Mechanism: The acquisition was funded through preferred equity issuances and warrant exercises, showcasing innovative financing methods in the crypto space.
The Number
— This total represents Strive's corporate Bitcoin treasury holdings, valued at over $2.14 billion, highlighting the significant financial commitment to cryptocurrency.
Takeaway
Strive's ongoing accumulation could position it to reach 32,105 BTC by year-end 2026, intensifying competition among corporate treasuries for Bitcoin supply.
Bitcoin news, technical analysis, and forecasts across crypto markets.
"NewsBTC covers Bitcoin news, technical analysis, and forecasts across crypto markets and major blockchain projects."
— A47 Editor
Strive Adds 1,355 Bitcoin As Corporate Treasury Reaches 26,355 BTC
Strive has announced the acquisition of 1,355 Bitcoin, raising its corporate treasury from 25,000 BTC to 26,355 BTC, with the purchase disclosed in a September 21 SEC filing at an average price of approximately $79,475 per coin.
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Strategy buys 950 Bitcoin after two week pause in purchases
Strategy has resumed its Bitcoin purchases after a two-week hiatus, acquiring 950 BTC for approximately $75.7 million while also repurchasing $174 million in its preferred stock, STRC, as disclosed in a recent SEC filing.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
Strategy buys 950 Bitcoin for $76M, repurchases $174M in STRC
Strategy has purchased 950 Bitcoin for approximately $75.7 million after a two-week pause in acquisitions, while also repurchasing $174 million in its preferred stock, STRC. This move marks a significant investment in Bitcoin, reflecting a renewed co...