Strive Adds 1,223 BTC as $630 Million Stock Offering Nears
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strive spent about $100 million on bitcoin, lifting its treasury to 36,818 BTC as it prepares to receive proceeds from a preferred-stock offering.
Nasdaq-listed Strive purchased 1,223 bitcoin for approximately $100 million between Oct. 14 and 16, according to Bitcoin.com News.
The company paid an average of $81,734 per coin. Following the purchases, its corporate bitcoin holdings totaled 36,818 BTC, valued at roughly $3 billion.
Separately, Strive is preparing to receive proceeds from a $630 million preferred-stock offering. The source report did not specify how those funds would be used.
Source: Bitcoin.com News
