The asset manager now holds 21,356 BTC after purchasing additional bitcoin at an average cost of $73,409 per coin.
Strive Asset Management acquired 1,110 bitcoin for $81.5 million, raising its total holdings to 21,356 BTC. The purchase was made at an average price of $73,409 per bitcoin.
The move follows a recent share issuance, expanding Strive’s exposure to the cryptocurrency. Bitcoin’s price has fluctuated near $78,919, reflecting broader market volatility.
No immediate market reaction was specified, but the accumulation signals growing institutional interest in bitcoin as a long-term asset.