Strive Buys $280 Million in Bitcoin, Its Largest Purchase in Months

Share

Strive acquired 3,311 BTC worth roughly $280 million between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, its largest purchase since January. This purchase brings its total holdings to 32,773 BTC, worth approximately $2.73 billion at current prices. The Nasdaq-listed company, trading under the ticker ASST, bought the dip as Bitcoin fell well below recent highs near $87,000. This acquisition follows previous purchases of $169 million earlier this month and $94.5 million in late September, extending an aggressive accumulation streak. Strive, led by CEO Matthew Cole, recently completed a merger with Semler Scientific to strengthen its balance sheet as part of its Bitcoin treasury strategy modeled after Strategy.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items