Strive Purchases 1,107 Bitcoin for $94.5 Million, Raising Total Treasury to 27,462 BTC

Strive Asset Management has expanded its corporate Bitcoin treasury to 27,462 BTC after purchasing 1,107 Bitcoin for approximately $94.5 million at an average price of $85,396 per coin. The acquisition lifts the firm's total Bitcoin reserves to a valuation of roughly $2.3 billion, with an overall average cost basis of about $80,862 per BTC. The purchases were funded largely through sales of its Variable Rate Series A Perpetual Preferred Stock, which accounted for 85% of total capital raised, alongside $12.4 million generated through warrant exercises.