Investment management firm Strive (NASDAQ: $ASST) has acquired 2,500 additional Bitcoin (CRYPTO: $BTC) as the price of the largest cryptocurrency continues to fall.
Strive said on social media that it spent $185.2 million U.S. to buy Bitcoin at an average price of $74,092 U.S. per coin over the past week
The latest purchase builds on Strive’s recent Bitcoin accumulation. The company bought 1,109 BTC at an average price of $76,989 U.S. the week of May 22. More From Cryptoprowl: Strive now owns a total of 19,000 Bitcoin worth $1.3 billion U.S. at current prices.
The asset manager is one of the top 10 corporate holders of BTC in the world. The latest purchase by Strive comes as Strategy (NASDAQ: $MSTR), the largest corporate Bitcoin holder, disclosed its first sale of Bitcoin in four years. Strategy sold 32 Bitcoin for proceeds of $2.5 million U.S. over the past week, sparking a selloff in BTC and the broader crypto market.