Strive, Inc. purchased 1,110 bitcoin between August 17 and 21 for approximately $81.5 million at an average price of about $73,409 per bitcoin. This acquisition brings the company’s treasury to 21,356 bitcoin, making it the seventh-largest public corporate holder of bitcoin worldwide. ASST shares surged over 7% on Monday following the announcement, after already gaining nearly 13% on Friday. Strive funded the purchase with proceeds from at-the-market offerings and now holds $171.9 million in cash and cash equivalents.
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