Bitcoin · Strategy · BitMine Immersion Technologies · Decrypt
Strive Picks up $280 Million in Bitcoin, Its Largest Purchase in Months
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Strive is piling into Bitcoin at its fastest clip of the year, scooping up another 3,311 BTC worth roughly $280 million in its biggest single purchase since January.
Key facts
- The Nasdaq-listed asset manager, which trades under the ticker ASST, disclosed Monday that it bought the Bitcoin between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, including fees
- Strive is piling into Bitcoin at its fastest clip of the year, scooping up another 3,311 BTC worth roughly $280 million in its biggest single purchase since January
- The latest tranche extends that momentum, and the timing is notable: the firm bought as Bitcoin slid through a rough week, picking up coins at an average price well below the token’s recent highs
- The model, pioneered by Michael Saylor’s Strategy, has drawn a crowded field, and Strive has moved aggressively since going public through its merger with Asset Entities, recently completing a tie-up
Summary
Strive bought 3,311 BTC worth roughly $280 million between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, its largest purchase since January, lifting holdings to 32,773 BTC. The buy caps an aggressive run—following $169 million and $94.5 million purchases—for the firm, which trades as ASST and recently merged with Semler Scientific to grow its balance sheet. It lands amid heavy treasury activity from Strategy, Solana’s DeFi Dev Corp. and Bitmine, as Strive bought into a dip well below Bitcoin’s recent highs. The Nasdaq-listed asset manager, which trades under the ticker ASST, disclosed Monday that it bought the Bitcoin between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, including fees.