The purchase was made at an average price of $74,092 per Bitcoin, while the company said it continues to maintain an 18-month cash reserve for dividends.
Strive purchased 2,500 Bitcoin for $185.2 million at an average price of $74,092 per coin, increasing its total Bitcoin holdings to 19,000. The update also said the company is maintaining an 18-month cash reserve for dividend payments, indicating the acquisition was made without exhausting liquidity set aside for shareholder distributions. Corporate Bitcoin treasury strategies involve companies holding Bitcoin on their balance sheets as a reserve asset rather than holding only cash or short-term securities.