Strive Adds $169M Bitcoin in Its Biggest Buy in Four Months
The Nasdaq-listed bitcoin treasury company, co-founded by Vivek Ramaswamy, paid roughly $169 million for 2,000 coins last week and now holds 29,462 BTC.
Strive, a Nasdaq-listed bitcoin treasury company co-founded by former President Donald Trump's 2024 campaign chairman Vivek Ramaswamy, has made its largest Bitcoin purchase in four months. The company acquired 2,000 Bitcoin between September 28 and October 2, at an average price of approximately $84,422 per coin. This purchase brings Strive's total Bitcoin holdings to 29,462 BTC, valued at roughly $2.4 billion.
The acquisition is a significant move for Strive, demonstrating its confidence in Bitcoin's long-term potential. The company's decision to increase its Bitcoin holdings comes at a time when institutional interest in cryptocurrencies is on the rise. Strive's move is likely seen as a strategic investment, aiming to capitalize on the growing acceptance and adoption of Bitcoin in the financial sector.
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