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.