Strategy and Strive buy 2,773 Bitcoin worth $232.5 million

  • Strategy and Strive bought a combined 2,773 Bitcoin, including 1,107 BTC acquired by Strive.
  • Strive paid $94.5 million, or $85,396 per Bitcoin, for its latest purchase.
  • Strive holds 27,462 BTC and raised $12.4 million through warrant exercises.

Public companies Strategy and Strive bought a combined 2,773 Bitcoin valued at $232.5 million. Strategy purchased 1,666 Bitcoin, while Strive acquired 1,107 BTC for $94.5 million at an average cost of $85,396 per coin, CEO Matt Cole said. The purchase lifted Strive's holdings to 27,462 BTC, accumulated at an average price of about $80,862, according to Newhedge data. At a Bitcoin price of $83,300, the holdings were valued at about $2.3 billion and modestly above their aggregate cost basis. Strive also raised $12.4 million through warrant exercises, with SATA contributing 85% of total capital raised.

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