Strive adds 124 BTC and climbs corporate treasury rankings
BROBROK News · Based on reporting by Decrypt ·
Strive bought 124 BTC for about $10 million last week, lifting its total holdings to 43,124 BTC. That puts the company in fourth place among public firms with Bitcoin treasuries, behind Twenty One Capital and Metaplanet.
Key points
- The purchase took place between Oct. 24 and Oct. 30 at an average price of $80,526 per BTC.
- Strive now holds 43,124 BTC, worth about $3.3 billion at current prices.
- It trails Twenty One Capital by 390 BTC and Metaplanet by 876 BTC.
- Most of the purchase was funded with existing cash, and SATS was used for the first time.
- Strive reported an amplification ratio of 62.7% against its Bitcoin holdings.
Why it matters
Public companies continue to treat BTC as a treasury asset, and rank changes can affect how investors view this strategy. The report also shows how these firms are financing purchases through cash and new preferred stock programs.
Original headline: “Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy”
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.