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Publicly traded Strive Inc. said it purchased an additional 789 Bitcoin for its treasury, increasing its total holdings to 14,557 BTC, according to an announcement Monday.
Strive, a structured finance company and institutional asset manager, said the average purchase price was $77,890 per Bitcoin. Based on that figure, the company estimated the transaction value at about $61.45 million.
Strive’s CEO and Chairman Matt Cole wrote on X that the company’s total Bitcoin holdings are valued at approximately $1.1 billion, based on the recent price of Bitcoin. At a recent price of $76,716, Strive’s latest addition was worth about $60.5 million as of this writing.
Alongside the treasury expansion, Strive’s True North subsidiary scheduled a “Bitcoin for Business” summit for May 21 in Lake Oswego, Oregon.
The event is aimed at CFOs and business leaders exploring corporate Bitcoin adoption strategies.
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