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.
Source: https://cryptobriefing.com/strive-acquires-bitcoin-treasury-strategy-stock-surges/
