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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

Peter Schiff rebuts Michael Saylor\'s $1 million bitcoin call

Strategy bought an additional 3,273 bitcoin, taking its total holdings to 818,334, as bitcoin traded around $77,850. The company said it spent about $255 million at an average price of $77,906 per coin, funded by a share sale program. Economist and bitcoin skeptic Peter Schiff criticised Michael Saylor’s view that bitcoin could reach $1 million if the firm amassed 5 percent of supply, and warned about funding risks tied to STRC.

Crypto

Strategy holds 815,061 bitcoins as valuation tops $63.46 billion

Strategy’s bitcoin holdings hit a record valuation of $63.46 billion as of April 26, holding 815,061 BTC bought across 107 purchases at an average price of $75,528 per bitcoin. The value rose by about $2.0 billion in the past week. The company bought 34,164 BTC last week for about $2.54 billion. Funding came from selling STRF and on-market sales of MSTR shares. Market talk of 1 million BTC has resurfaced.