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Strive buys 2,500 Bitcoin for $185.2 million

Created at 2 Jun · 2:38 AM7 sources↑ Market-relevant5 events
IN SHORT

Strive acquired an additional 2,500 Bitcoin for approximately $185.2 million, bringing its total holdings to 19,000 BTC. The company also plans to increase its at-the-market fundraising programs by $4.2 billion to further accelerate Bitcoin purchases.

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Key Numbers

2,500Bitcoin acquired
$185.2 millionTotal acquisition cost
$74,092Average cost per bitcoin
19,000Total Bitcoin holdings
$4.2 billionPlanned fundraising expansion

Who's Involved

Strive, Inc.
Treasury company that acquired Bitcoin
Vivek Ramaswamy
Founder of Strive
Matt Cole
CEO of Strive
Strive buys 2,500 Bitcoin for $185.2 million

↳ Why This Matters

This significant purchase by Strive, a company focused on treasury management, underscores continued institutional interest in Bitcoin as a store of value and highlights the growing trend of corporations adding digital assets to their balance sheets.

Key facts

  • Strive acquired 2,500 Bitcoin for approximately $185.2 million.
  • The average purchase price was $74,092 per Bitcoin.
  • Strive's total Bitcoin holdings now stand at 19,000 BTC.
  • The company plans to increase its at-the-market fundraising programs by $4.2 billion.

Strive, Inc. has acquired an additional 2,500 Bitcoin for approximately $185.2 million, with an average cost of $74,092 per coin. This acquisition brings Strive's total Bitcoin holdings to 19,000 BTC, placing it among the top ten publicly traded corporate holders. The company, founded by Vivek Ramaswamy and now led by CEO Matt Cole, utilizes a layered capital structure, including perpetual preferred shares, to fund its Bitcoin accumulation strategy. Strive also announced plans to increase its at-the-market fundraising programs by $4.2 billion to further accelerate its Bitcoin purchases.

Frequently asked questions

Strive acquired 2,500 Bitcoin.

The total cost was approximately $185.2 million.

The average cost per Bitcoin was approximately $74,092.

Strive's total Bitcoin holdings have reached 19,000 BTC.

Strive uses a mix of equity offerings, perpetual preferred stock (SATA), and capital markets activity, and plans to expand fundraising by $4.2 billion.

What Happens Next

01Strive plans to expand its at-the-market fundraising programs by $4.2 billion.

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Cadence

How It Developed

2 Jun · 3:41 PM
Strive acquired 2,500 Bitcoin, increasing total holdings to 19,000 BTC and expanding cash reserves.
Bitcoin.com News via PiQSuite
2 Jun · 1:20 PM
Strive (ASST) Adds $185 Million in Bitcoin as Holdings Reach 19,000 BTC
Bitcoin Magazine via PiQSuite
2 Jun · 12:13 PM
Strive has purchased an additional 2,500 Bitcoin for $185.2 million, separate from its previously announced $700 million acquisition.
@BitcoinMagazine via PiQSuite
2 Jun · 2:39 AM
The article restates Strive's plan to purchase over $700M in Bitcoin, as announced by Matt Cole last August.
@TheBitcoinConf via PiQSuite
2 Jun · 2:35 AM
Strive planned to buy over $700M worth of Bitcoin, as stated by Matt Cole at Bitcoin Asia last August.
@BitcoinMagazine via PiQSuite

Sources

T1
RT @Bitcoinconfasia: At #Bitcoin Asia last August, Matt Cole said Strive planned to buy over $700M worth of Bitcoin 🙌 Fast forward: Strive…@BitcoinMagazine via PiQSuite
T1
JUST IN: 🇺🇸 Public company Strive purchases 2,500 Bitcoin for $185.2 million! 🚀 https://t.co/7HPTubYFnt@BitcoinMagazine via PiQSuite
T1
RT @ColeMacro: Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin. STRIVE SNAPSHOT Bitcoin h…@saylor via PiQSuite
T1
Strive (ASST) Adds $185 Million in Bitcoin as Holdings Reach 19,000 BTCm.piqsuite.com
T1
STRIVE BOUGHT 2,500 #BITCOIN FOR $185.2 MILLION, BOOSTING ITS HOLDINGS TO 19,000 BTC 👀🟠 PUBLIC COMPANIES ARE BUYING THE DIP 🚀 https://t.co/3MYLhCGxhE@TheBitcoinConf via PiQSuite
T1
RT @TheBitcoinConf: STRIVE BOUGHT 2,500 #BITCOIN FOR $185.2 MILLION, BOOSTING ITS HOLDINGS TO 19,000 BTC 👀🟠 PUBLIC COMPANIES ARE BUYING T…@TheBitcoinConf via PiQSuite
T1
Strive Buys 2,500 Bitcoin, Holdings Reach 19K BTC as $4.2B Funding Plan Advancesm.piqsuite.com

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