Strive acquires 789 BTC, boosting treasury

Bitcoin treasury firm Strive has significantly expanded its holdings by acquiring 789 BTC for $61.43 million. This strategic purchase elevates the company's total Bitcoin reserves to 14,557 BTC, now valued at approximately $1.3 billion. This move positions Strive as the ninth-largest corporate holder of Bitcoin, surpassing mining company Hut 8 and trailing behind Coinbase. The firm also recently adjusted its preferred stock trading range and increased its monthly dividend yield to 12.75%, demonstrating a multi-faceted approach to shareholder value and asset management.