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Unlike Strategy, Strive continues to announce frequent BTC purchases.
ByJordan Lyanchev
Strive has continued its tradition of announcing its latest <a href="https://xpertsstudio.com/320m-<a href="https://xpertsstudio.com/microstrategy-puts-its-bitcoin-identity-on-a-250-pair-of-nike-jordans/” title=”MicroStrategy Puts Its Bitcoin Identity on a $250 Pair of Nike Jordans”>bitcoin-hack-what-really-happened-to-liquid-network/” title=”$320M Bitcoin Hack: What Really Happened to Liquid Network?”>bitcoin purchases on X on Monday or the first business day of the week, similar to what Michael Saylor does for Strategy. In the example, after Labor Day came minutes ago, as CEO Matt Cole outlined a major $109 million BTC acquisition for 1,375 units, accumulated at an average price of $79,281.
Thus, the company’s stash has increased further and has now reached 24,531 BTC. Given the cryptocurrency’s current price tag of $78,200, this puts the USD valuation of Strive’s stash at just over $1.9 billion.
Recall that the company announced an even more significant purchase last week when it added 1,800 BTC for $143 million at a similar average price.
Unlike the events from eight days ago, though, there’s a major discrepancy now. Back then, Strategy also outlined its first BTC purchase in over two months. Now, though, Saylor’s company said it has stood on the sidelines while refocusing on repurchasing STRC shares.
About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato’s Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
Source: cryptopotato.com