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Crypto

Strive buys 1,109 more bitcoin, ranks seventh among listed companies

Asset manager Strive bought an additional 1,109 bitcoin for $85.4 million, lifting total holdings to 16,500 bitcoin. The purchase put Strive seventh among listed companies by bitcoin holdings, ahead of Coinbase and Riot Platforms. CEO Matt Cole said the buy averaged about $76,989 per coin, while Strive’s overall average purchase price is $99,617. Strive said it supports purchases via its SATA preferred stock and disclosed higher cash and cash equivalents.

Crypto

Strive buys additional 382 bitcoin, keeps preferred share strategy

Nasdaq-listed asset manager Strive bought an additional 382 bitcoin for $30.3 million, lifting its total holdings to 15,391 bitcoin, CoinPost reported. The average purchase price was $79,348 per bitcoin. CEO Matt Cole said the holdings were worth 188.3 billion yen, or about 1.785 trillion won, at current market prices. Strive said it funds its strategy through perpetual preferred shares called SATA and reported bitcoin yield metrics of 18.4 percent year-to-date and 6.6 percent quarter-to-date.

Crypto

Public companies step up Bitcoin buying as Trump family-backed American Bitcoin enters global top 15

Trump family-backed American Bitcoin (ABTC) lifted its total Bitcoin holdings to more than 7,500, ranking 15th globally among publicly traded companies. Strategy also added Bitcoin worth about $2.01 billion, extending a corporate accumulation trend even as Bitcoin prices were about 5 percent lower than the prior week. American Bitcoin shares fell 8 percent to a record low. Strategy said it funded purchases through its STRC perpetual preferred stock programme.