The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Strive bought another 1,375 Bitcoin last week, paying $109 million and pushing the fundraising machine behind the purchase to the edge of a ten-figure milestone.
The Nasdaq-listed asset manager picked up the coins between Aug. 31 and Sept. 4 at an average price of $79,281 per Bitcoin, its CEO Matt Cole said in a post on X.
That lifts Strive's total holdings to 24,531 BTC, worth roughly $1.9 billion at current prices.
Strive is one of a growing club of public companies that raise money specifically to buy and hold Bitcoin, betting the cryptocurrency's price climbs faster than a normal business could grow. Michael Saylor's Strategy pioneered the playbook in 2020; Strive, Twenty One Capital, and dozens of smaller firms have since copied it with varying degrees of aggression.