Strive Doubles Down on Bitcoin with $61M Treasury Boost

Strive Asset Management has made another significant addition to its Bitcoin treasury, purchasing over $61 million worth of the cryptocurrency. This latest acquisition brings the company's total holdings to an impressive 14,557 BTC, with a combined value of around $1.3 billion at current market prices.

The purchase, which was announced by CEO Matt Cole on X, marks another step in Strive's long-term accumulation strategy. As part of this approach, the company finances a portion of its operations using its Variable Rate Series A Perpetual Preferred Stock, known as SATA.