Strive leapfrogs Coinbase, Riot with latest $85.4 million bitcoin buy
The Block
Strive has become the seventh-largest public corporate bitcoin holder after acquiring 1,109 BTC for $85.4 million.Summary
Strive, the company founded by Vivek Ramaswamy, has increased its bitcoin treasury by purchasing 1,109 BTC for approximately $85.4 million, bringing its total holdings to 16,500 BTC. This acquisition allows Strive to surpass Coinbase and Riot Platforms in public corporate bitcoin holdings, ranking seventh globally. Alongside the purchase, Strive announced it has become debt-free and plans to introduce a daily cash dividend strategy for its SATA shares beginning in mid-June.
(Source：The Block)