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Strive Buys 1,223 Bitcoin While Preparing a $630 Million Cash Raise

Pile of physical souvenir Bitcoin coins
File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Strive has added another 1,223 BTC to its corporate treasury, spending approximately $100 million between Oct. 14 and 16 at an average price of $81,734 per bitcoin. The acquisition brings the Nasdaq-listed company’s holdings to 36,818 BTC, worth roughly $3 billion. Meanwhile, Strive is preparing to collect proceeds from a $630 million preferred-stock offering, potentially […]

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