Search results for Bitcoin Treasuries
Crypto
Strive buys 789 more bitcoin, pushes ETF launch
Bitcoin investment firm Strive bought an additional 789 bitcoin, lifting its corporate holdings to more than 14,000, according to a report by The Block Crypto. The purchase cost $61.43 million, at an average price of about $77,890 per bitcoin. CEO Matt Cole disclosed the purchase, taking total holdings to 14,557 bitcoin valued at about $1.3 billion at current prices. Strive also outlined plans for an ETF tied to preferred shares.
Crypto
Tether expands bitcoin reserves, maintains 15 percent of quarterly net profit buying policy
Stablecoin issuer Tether moved 951 bitcoin from a Bitfinex wallet to its reserve wallet, a transfer valued at $70.5 million at the time, according to Arkham Intelligence data cited by The Block Crypto. The move lifted Tether’s bitcoin reserves to 97,141 BTC. Tether said in 2023 it would allocate 15 percent of quarterly net profit to bitcoin purchases and has continued expanding reserves, with its website showing bitcoin makes up about 4 percent of more than $190 billion backing USDT.
Crypto
Strategy buys 13,927 more bitcoin for $1 billion
Strategy bought an additional 13,927 bitcoin for about $1 billion from April 6 to 12, the outlet said. The average purchase price was $71,902 per bitcoin, according to The Block Crypto, citing a filing. Holdings rose to 780,897 bitcoin. Chairman Michael Saylor said the average cost per bitcoin was $75,577 and cumulative purchases total about $59 billion, with current holdings valued at about $55.4 billion.