Strive Becomes Fifth-Largest Corporate Bitcoin Holder After $143M Purchase

Strive, a publicly traded Bitcoin treasury company, has become the fifth-largest corporate holder of the cryptocurrency after purchasing 1,800 Bitcoin for approximately $143 million last week. The acquisition, disclosed in a filing with the U.S. Securities and Exchange Commission on August 31, brought the company's total holdings to 23,156 BTC, surpassing the crypto exchange Bullish. The purchase was made between August 24 and August 28 at an average price of $79,431 per Bitcoin, including fees and expenses. CEO Matt Cole confirmed the transaction in a post on X.