Strive announced the purchase of 1,355 BTC for $107.7 million, with an average cost of approximately $79,475 per bitcoin. This acquisition brings the company’s total holdings to 26,355 BTC, representing a position value exceeding $2.2 billion. The company funds these purchases through non-dilutive preferred equity financing rather than traditional debt. This week’s purchase is significantly larger than last week’s (469 BTC for $36.6 million) and Strategy’s (950 BTC for $75.7 million). Bitcoin crossed the $85,000 threshold for the first time since January.
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