Investment company Strive bought 1110 BTC — its reserves reached 21 356 BTC
One of the largest bitcoin holders, the company Strive, purchased 1,110 BTC at an average price of $73.4 thousand. It spent around $81.5 million to buy them, increasing its bitcoin reserve to 21,356 BTC.
To finance the purchase, it sold common and preferred shares on the open market as part of capital-raising programs. On the eve of the report on buying a new batch of bitcoins, the company’s CEO, Matt Cole, noted that “the next bitcoin cycle will be the most powerful in history.”
He also believes that in a world where AI is becoming cheap and widely accessible, capital is valuing assets that cannot be artificially replicated (that is, bitcoin, gold, and other assets with a scarce supply) even more highly.
One of the largest bitcoin holders, the company Strive, purchased 1,110 BTC at an average price of $73.4 thousand. It spent around $81.5 million to buy them, increasing its bitcoin reserve to 21,356 BTC.
To finance the purchase, it sold common and preferred shares on the open market as part of capital-raising programs. On the eve of the report on buying a new batch of bitcoins, the company’s CEO, Matt Cole, noted that “the next bitcoin cycle will be the most powerful in history.”
He also believes that in a world where AI is becoming cheap and widely accessible, capital is valuing assets that cannot be artificially replicated (that is, bitcoin, gold, and other assets with a scarce supply) even more highly.