Investment firm Strive has added 2,500 Bitcoin to its balance sheet, spending $185 million on the purchase. The buy, disclosed this week, pushes Strive's total Bitcoin holdings to 19,000 BTC.
The $185 million buy
Strive acquired the coins in a single transaction, paying roughly $74,000 per Bitcoin based on the disclosed dollar amount. The exact timing of the purchase wasn't specified, but it brings the firm's total cost basis for its entire stash to an undisclosed figure.
Total holdings cross 19,000 BTC
With this addition, Strive now holds 19,000 Bitcoin. That puts it among the larger corporate holders of the cryptocurrency, though exact rankings shift with each quarterly filing. The firm hasn't said whether it plans to keep buying or if this represents a one-time accumulation.
The move comes as Bitcoin's price has swung this year — but Strive didn't comment on its strategy or outlook. What's clear: the firm's bet on Bitcoin keeps getting bigger.
