Strive Buys 469 Bitcoin, Lifting Treasury to 25,000 BTC

Strive, Inc. purchased 469 bitcoin at an average price of approximately $77,954 per coin between September 8 and September 11, lifting its corporate treasury to 25,000 BTC, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on September 14.

At the stated average price, the purchase was worth roughly $36.6 million, inclusive of fees and expenses. The Dallas-based asset-management and structured-finance firm, co-founded by Vivek Ramaswamy, has made bitcoin the benchmark for how it deploys capital.

The Purchase In the current report, filed under Item 8.01, the Nasdaq-listed company (ticker: ASST) said its bitcoin holdings rose from 24,531 coins as of September 4 to 25,000 as of September 11, a net increase of 469.

The acquisition was disclosed alongside an update to cash and cash equivalents, which stood at approximately $204.2 million as of September 11.