Strive buys $85.4M bitcoin, surpasses Coinbase

Strive has significantly increased its bitcoin holdings by acquiring an additional 1,109 BTC for approximately $85.4 million. This strategic purchase, made between May 19 and May 22 at an average price just under $77,000 per coin, elevates Strive's total holdings to 16,500 BTC. The company's expanded treasury now positions it as the seventh-largest public corporate bitcoin holder, surpassing both Coinbase Global and Riot Platforms. This move underscores a growing trend of corporate entities allocating capital towards digital assets as a treasury reserve strategy.