Strive acquires 789 BTC, bumping ninth-largest corporate bitcoin treasury over 14,000 BTC
Strive acquired 789 BTC, increasing its treasury to over 14,500 BTC and becoming the ninth-largest corporate holder.Summary
Bitcoin treasury firm Strive has purchased an additional 789 BTC for $61.43 million, bringing its total holdings to 14,557 BTC, valued at approximately $1.3 billion. This acquisition elevates Strive to the ninth-largest corporate Bitcoin treasury, surpassing Hut 8 and trailing Coinbase. Strive, similar to Michael Saylor's Strategy, offers a preferred security called Variable Rate Series A Perpetual Preferred Stock (SATA). The company has raised significant capital through SATA offerings and has recently adjusted its trading range and dividend yield. Strive is also collaborating with Tuttle Capital Management to develop an ETF that will track SATA and Strategy's STRC preferred stock. The firm's Bitcoin accumulation has been fueled by capital markets activities, including a PIPE investment and the acquisition of Semler Scientific.
(Source：The Block)