Bitcoin treasury firm Strive has purchased another 1,800 BTC for approximately $143 million, lifting its total holdings to 23,156 Bitcoin. The latest acquisition moves the company ahead of Bullish and into fifth place among publicly traded companies with the largest Bitcoin reserves.
- Strive bought 1,800 BTC for about $143 million.
- Its holdings have climbed to 23,156 BTC.
- The company paid an average of $79,431 per Bitcoin, including fees and expenses.
- Strive’s Bitcoin treasury grew by about 8.4% in five business days.
- The purchase moves Strive ahead of Bullish in corporate Bitcoin holdings.
Strive Accelerates Bitcoin Accumulation
Strive has significantly increased the pace of its Bitcoin purchases as the cryptocurrency market rebounds.
The company acquired 1,800 BTC between Aug. 24 and Aug. 28, spending approximately $143 million at an average cost of $79,431 per Bitcoin, including transaction-related expenses.
CEO Matt Cole confirmed the purchase on Monday.
The latest acquisition increased Strive’s Bitcoin treasury from 21,356 BTC to 23,156 BTC in just one week.
The company had already made another major purchase the previous week, buying 1,110 BTC for approximately $81.5 million at an average price of $73,409 per coin.
The back-to-back acquisitions highlight how rapidly Strive has expanded its cryptocurrency holdings.
Strive Climbs Into the Top Five
Strive’s latest purchase has also changed the ranking of publicly traded corporate Bitcoin holders.
With 23,156 BTC now in its treasury, the company has overtaken Bullish, moving into the position of the fifth-largest publicly traded corporate Bitcoin holder, according to the industry data cited in the source material.
The pace of accumulation has been particularly notable.
Strive’s Bitcoin holdings increased by approximately 8.4% in only five business days, according to an observation cited in the report.
The company’s strategy places it among a growing group of public companies using Bitcoin as a major treasury asset.
Corporate Bitcoin Buying Returns
Strive’s aggressive accumulation comes during a broader recovery in Bitcoin and the cryptocurrency market.
The rebound began around Aug. 19 after the U.S. Treasury announced plans to increase certain long-term bond buybacks. The move contributed to lower Treasury yields and improved sentiment across risk assets.
Bitcoin subsequently rallied more than 23%, reaching a recent high above $81,000.
The stronger market environment appears to have encouraged several corporate Bitcoin buyers to return to the market.
Strategy Also Resumes BTC Purchases
Strive’s buying spree coincides with the return of another major corporate Bitcoin accumulator.
Strategy, the world’s largest publicly traded corporate Bitcoin holder, announced Monday that it had resumed purchasing BTC after a pause that began in June.
The company acquired 4,603 Bitcoin for approximately $370 million, paying an average of $80,318 per BTC.
The purchase pushed Strategy’s holdings above 845,000 BTC.
The simultaneous buying activity from Strategy and Strive highlights the continued importance of corporate treasury demand in the Bitcoin market.
Corporate Treasuries Become a Bigger Bitcoin Force
Strive’s latest acquisition demonstrates how quickly corporate Bitcoin strategies can expand when companies commit significant capital to digital assets.
The firm has moved from adding smaller amounts to making purchases worth hundreds of millions of dollars within a short period.
With 23,156 BTC now under its control, Strive has established itself as a significant corporate Bitcoin holder and surpassed Bullish in the rankings.
As Bitcoin recovers, the renewed buying from Strive and Strategy suggests that corporate treasury demand remains an important force shaping the digital asset market.
