Strive Splashes Out $83M on 1,110 BTC as Bitcoin Holdings Top 21,000
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Strive, a Bitcoin treasury company and asset manager, acquired 1,110 BTC for $81.5 million at an average price of $73,409 per coin in tranche purchases, CEO Matt Cole said. The purchase highlights institutional treasury accumulation that could support Bitcoin price and adoption as the crypto market picks up, with implications for investor demand and market liquidity.
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In times when the cryptocurrency market is finally picking up the slack, the Bitcoin treasury company and asset manager Strive has returned with another purchase.
As announced by the firm’s CEO, Matt Cole, Strive has acquired an additional 1,110 BTC for $81.5 million at an average price of $73,409 per unit. These purchases were completed in tranches.
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Strive CEO Declares Bitcoin Bear Market Over, Predicts Strong 12-18 Month Cycle
