Strive has strengthened its position among corporate Bitcoin holders after adding 1,800 BTC for roughly $143 million. The purchase lifted its treasury to 23,156 BTC, pushing the company past Bullish into fifth place.
Strive bought the coins between August 24 and August 28 at an average $79,431 each. The latest move also extends the company’s aggressive Bitcoin accumulation strategy.
Strive accelerates Bitcoin strategy
The latest purchase follows Strive’s acquisition of 1,110 BTC during the previous week. Consequently, the company added 2,910 BTC across two weeks for approximately $224.5 million.
Moreover, the buying spree highlights Strive’s growing commitment to Bitcoin as a central treasury asset. The company now trails Strategy, Twenty One Capital, Metaplanet, and MARA Holdings.
Equity issuance supports purchases
Strive continues funding its Bitcoin expansion through ASST common stock and SATA preferred stock programs. Moreover, its Class A share count increased by 3.58 million in the most recent reporting quarter.
SATA shares also increased by 803,099 to a total of around 9.07 million. Issuing more equity, however, can reduce existing shareholders’ value.
Significantly, Strive has created up to $4.2 billion in potential fundraising capacity. Moreover, that capital could be used to invest in more Bitcoin if prices are right. This gives Strive lots of space to build its treasury even more.
Related: Ripple Emerges as Top Holding in New York-Traded C1 Fund
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