Strive Adds $10M in Bitcoin Following Massive $511M Buying Spree
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Strive Inc. (Nasdaq: ASST) purchased $10 million in bitcoin last week, lifting its total holdings to 43,124 BTC, in what marked the first deployment of its SATS preferred stock sales program, with existing cash supplying the majority of the funding. The modest buy follows a massive $511 million accumulation spree, and comes as the company's investment chief emphasized restraint in future purchases. The move underscores Strive's continued bitcoin treasury strategy, positioning it among the larger corporate bitcoin holders. Investors will be watching whether the SATS program sees further use and how quickly Strive deploys remaining capital for additional BTC acquisitions.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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