Open account

Strive Adds 29 Bitcoin for $2.2 Million, Slowing Weekly Treasury Purchases

Strive, Inc. expanded its corporate Bitcoin treasury to 43,153 BTC after purchasing 29 Bitcoin for approximately $2.2 million between October 31 and November 6, according to a Form 8-K filing. The acquisition was executed at an average price of roughly $75,721 per coin, reflecting the lowest average cost in its recent buying streak. However, weekly purchases decelerated for a second consecutive week, down from 6,182 BTC and 124 BTC in preceding periods. Strive is targeting the No. 2 corporate holder spot, trailing Metaplanet's 44,000 BTC reserve by 847 BTC.

Category

Bitcoin

Sentiment

Mixed

Event

Analyst flows

Reading time

1 min