An investment firm is boosting its Bitcoin holdings with a major new purchase of 1,800 BTC.
The acquisition by the cryptocurrency treasury company Strive (ASST) cost $143 million at an average price of $79,431 per Bitcoin and brings the firm’s total stash to exactly 23,156 BTC.
The company says the move underscores its ongoing accumulation strategy amid current market conditions.
The firm disclosed the transaction in an 8-K filing with regulators while Bitcoin traded near $78,000, placing the entire position at a market value of $1.76 billion.
This latest addition continues the firm’s aggressive Bitcoin buying amid broader market trends.
With its latest massive BTC purchase, Strive is now the fifth-largest publicly traded corporate BTC holder, according to BitcoinTreasuries.NET.
Meanwhile, Strategy accumulated 4,603 Bitcoin at an average purchase price of $80,318 per BTC, spending a total of $370 million.I t’s the firm’s first BTC purchase since June 22nd, following two weeks where the firm didn’t add or sell any Bitcoin.
Strategy has also hawked a total of $432 million worth of Bitcoin across five separate sales stretching back to May. The sales materialized under the firm’s newly introduced BTC monetization program, designed to bolster Strategy’s cash reserve and support dividend payments.
Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.
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​ Strive acquired 1,800 more BTC for $143 million, lifting its total holdings to 23,156 coins now valued at $1.76 billion.
The post Strive Is Boosting Its Bitcoin Holdings With Another 1,800 Coin Purchase appeared first on The Daily Hodl. Bitcoin, Bitcoin Treasury companies, BTC, News, StriveÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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