With Bitcoin experiencing a significant rebound in August, listed companies that adopt crypto treasury strategies have become active again. The company disclosed that Strive has once again purchased 1,800 Bitcoins, continuing to expand its corporate holdings of the cryptocurrency.
Position held increased to 23,156 coins
Strive CEO Matt Cole stated that the transaction amount was approximately 143 million US dollars, with an average purchase price of 79,431 US dollars per coin. After the transaction was completed, the company's total Bitcoin holdings increased to 23,156 coins, which is valued at about 1.76 billion US dollars according to the figures mentioned in the text.
- This time, I purchased 1,800 BTC.
- The transaction amount is approximately 143 million US dollars.
- Total holdings increased to 23,156 BTC
ASST Continues to Increase Holdings Pace
The company disclosed that after Strive merged with Asset Entities earlier this year, it began trading on NASDAQ under the code ASST. This purchase continues its recent trend of increasing holdings. Previously, Strive also increased its holdings by approximately $81 million in Bitcoin through a sale transaction.
Such companies typically accumulate crypto assets through financing, issuing shares, or other capital operations, and they closely link the company's valuation to the performance of the coin prices. Strive has now become one of the enterprises in the public market that holds a large scale of Bitcoin assets.
Peers are also resuming buying.
Reports mention that recently several treasury companies have accelerated their reconfiguration efforts. Michael Saylor's Strategy resumed its purchases after a pause of about two months this week, buying approximately $370 million in Bitcoin for the first time since June.
Meanwhile, Bitmine related to Tom Lee also completed its largest Ethereum purchase since June. Bitcoin traded around $78,600 on Monday, with a slight decline on a single-day basis, but the cumulative increase in August is still expected to exceed 24%, and corporate buying has also picked up accordingly.
Additional information:Strive was initially co-founded by Vivek Ramaswamy. Reports have listed it as one of the listed companies that have followed corporate crypto treasury strategies in recent years.
