cryptobriefing.com
Key Takeaways
- Strive acquired approximately 102 Bitcoin, reaching a total of 7,627 $BTC.
- Shares of Strive surged 15% in intraday trading on Monday.
Strive stock rose about 15% during Monday’s session, per Yahoo Finance. The rally came alongside a rise in Bitcoin prices to $94,000, representing a 3% advance over 24 hours.
The publicly traded asset management company focused on Bitcoin treasury strategies today announced the purchase of approximately 102 Bitcoin, bringing its total holdings to 7,627 $BTC, worth about $715 million.
The acquisition places Strive at 14th on the Bitcoin 100 ranking, as tracked by BitcoinTreasuries.net.
The company has positioned itself as a leader among asset managers embracing Bitcoin as a core treasury component, pursuing what it describes as shareholder-focused strategies aimed at long-term capital discipline.