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Strive adds to its bitcoin stash, with reports citing $280 million and $235 million purchases
Summary
Nasdaq-listed asset manager Strive has been buying more bitcoin, Decrypt and The Block reported, though the two outlets cite different figures.
Decrypt reported on Oct. 13 that Strive bought $280 million of bitcoin at an average of about $84,500, its largest purchase in months, lifting its holdings to 32,773 BTC.
The Block reported on Oct. 14 that Strive acquired 2,822 bitcoin for $235 million after raising $369.2 million in gross proceeds from warrant exercises.
The reports we reviewed don't make clear whether they describe one purchase or two, so we're giving each outlet's numbers as stated.
Key facts
- Strive bought $280 million of bitcoin at an average of about $84,500.
- Total holdings reached 32,773 BTC.
- Strive acquired 2,822 bitcoin for $235 million.
- Warrant exercises brought in $369.2 million in gross proceeds.