Strive Expands Treasury Reserve to 23,156 BTC With $143M Purchase
Asset manager Strive acquired $143 million in Bitcoin, lifting its balance sheet to 23,156 BTC and boosting its share price.
Financial services firm Strive has completed a $143 million Bitcoin purchase, expanding its corporate treasury reserves to 23,156 BTC. The acquisition solidifies the firm's standing as the fifth-largest corporate holder of Bitcoin globally.
Following the announcement, the company's publicly traded stock registered significant upward momentum. Corporate balance sheet allocation into Bitcoin continues to attract institutional capital looking for equity proxies with direct balance sheet exposure.
The move underscores the growing adoption of digital asset treasury strategies among public enterprises. Persistent corporate accumulation continues to absorb secondary market supply, reinforcing long-term floor prices.
Key takeaways
- Strive purchased $143 million worth of Bitcoin, expanding total holdings to 23,156 BTC.
- The firm is now the fifth-largest publicly tracked corporate Bitcoin treasury.
- Strive shares climbed following confirmation of the balance sheet allocation.