Bitcoin · U.S. Treasury · Strategy · BitMine Immersion Technologies · Decrypt
Strive Ships $143 Million in Bitcoin as Treasury Firms Pile Back
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Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of the larger corporate crypto treasuries.
Key facts
- CEO Matt Cole said Monday the company paid an average price of $79,431 per coin for the latest tranche, lifting Strive's total holdings to 23,156 BTC
- Bitcoin traded around $78,600 on Monday, off slightly on the day but on track to close August with a gain of more than 24%, its strongest month since 2017
- Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of the larger corporate crypto treasuries
- Strategy this week broke a roughly two-month pause with a $370 million purchase, its first since June, after a run-up flipped its position back into the green
Summary
Strive bought another 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, raising its total holdings to 23,156 BTC, worth about $1.76 billion, CEO Matt Cole said. The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST after merging with Asset Entities. It lands amid renewed sector buying: Strategy broke a two-month pause with a $370 million purchase, and Bitmine made its largest Ethereum buy since June. CEO Matt Cole said Monday the company paid an average price of $79,431 per coin for the latest tranche, lifting Strive's total holdings to 23,156 BTC.