Strive Expands Bitcoin Treasury With $61.4 Million Purchase, Holdings Reach 14,557 BTC

Bitcoin Magazine3h agoUpdated 2h ago
Strive Expands Bitcoin Treasury With $61.4 Million Purchase, Holdings Reach 14,557 BTC
Smart Read

Strive Inc. purchased 789 BTC for $61.43 million, bringing total holdings to 14,557 BTC worth $1.1 billion. The Nasdaq-listed firm treats Bitcoin as a core balance sheet asset and investment hurdle rate. Corporate Bitcoin adoption accelerates as public companies collectively hold 1.15 million BTC. Strategy Inc. simultaneously acquired 3,273 BTC, reinforcing its position as largest corporate holder with 818,334 BTC.

Coins in this story

Related stories

Bitcoin is climbing on thin volume, leaving rally vulnerable to macro shock
CoinDesk58m ago60-word brief

Bitcoin is climbing on thin volume, leaving rally vulnerable to macro shock

Bitcoin's rally toward $80,000 is driven by spot buying and short covering amid weak trading volumes and negative funding rates, raising concerns about durability. While institutional ETF inflows total $2.5 billion this month and bitcoin dominance reaches 60%, options markets show low volatility and hesitant positioning. Analysts warn the price climb lacks conviction and could crumble without macroeconomic catalysts supporting broader markets.

CoinDesk 20 performance update: Stellar (XLM) drops 3.4%, leading index lower
CoinDesk4h ago60-word brief

CoinDesk 20 performance update: Stellar (XLM) drops 3.4%, leading index lower

NEAR Protocol (NEAR), down 2.9%, was also among the underperformers....

Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout
CoinDesk42m ago60-word brief

Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout

The plan allows trapped lenders to sell tokenized claims on deposits, offering buyers an option-like bet on CRV's recovery....

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.