Strive Hits Bitcoin Milestone Following Three Acquisitions in Eight Days

Strive Hits Bitcoin Milestone Following Three Acquisitions in Eight Days
Table of Contents

TL;DR

  • Strive acquired another 1,223 BTC at an average price of $81,734 per coin, bringing its total holdings to 36,818 Bitcoin.
  • The company announced three purchases in eight days, totaling 7,356 BTC, including a $235 million acquisition.
  • Its Bitcoin holdings are worth more than $3 billion at current prices, although Strategy remains the company with the largest corporate BTC reserves.

Strive increased its Bitcoin holdings to 36,818 BTC after completing another purchase of 1,223 coins, according to CEO Matt Cole.

The company acquired the bitcoins at an average price of $81,734 per coin, representing an investment of approximately $100 million.

With Bitcoin trading slightly above $82,000, Strive’s holdings are worth more than $3 billion.

Cole announced the transaction on his X account. It was the company’s third announced purchase in just eight days, during which it added thousands of BTC to its treasury.

Strive Acquires 7,356 BTC in Eight Days

The recent buying spree began with the acquisition of 3,311 BTC, which became Strive’s second-largest individual Bitcoin purchase at the time.

One day later, Matt Cole announced another acquisition of 2,822 BTC for $235 million.

The third transaction added the recently announced 1,223 BTC, purchased at an average price of $81,734.

Together, the three purchases totaled 7,356 BTC, although the source did not specify their combined cost.

The acquisition of 2,822 BTC had an average price of approximately $83,274 per coin, while the latest purchase was completed at a lower average price.

Strive accelerated its acquisitions during October, substantially increasing its direct exposure to Bitcoin.

Bitcoin Holdings Exceed $3 Billion

Following the latest acquisition, the firm’s holdings reached 36,818 BTC, worth more than $3 billion with Bitcoin trading above $82,000.

The company increased its reserves through successive purchases rather than a single large transaction.

Strive

The firm’s recent accumulation pace also exceeded that of Strategy, the company led by Michael Saylor, whose latest acquisitions were considerably smaller.

Strategy recently announced a purchase of 267 BTC, fewer than any of the three acquisitions Strive reported over the past eight days.

However, Strategy remains the company with the largest corporate Bitcoin reserves, despite Strive purchasing more BTC during this period.

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