Strive, Inc. has been on a Bitcoin buying spree that would make even the most aggressive corporate treasurers blush. The company’s holdings have reached 19,864 BTC, valued at roughly $1.3 billion as of June 22, and its stock is responding accordingly.
Shares of ASST jumped approximately 10% on the back of the company’s latest treasury update, closing around $16.67. For a company that held 15,000 BTC just weeks ago in early May, the pace of accumulation has been nothing short of relentless.
From 15,000 to nearly 20,000 BTC in six weeks
In May, Strive scooped up 1,109 BTC at an average cost of approximately $76,989 per coin, bringing the total to 16,500 BTC. That was followed by a much larger purchase of 2,500 BTC for an aggregate $185 million, pushing holdings to 19,000 BTC.
Then on June 15, the company added another 73 BTC at an average price of roughly $63,646 each, bringing the running total to 19,105 BTC. The final push to 19,864 BTC came in the days that followed.
