Funding
Strive Buys 1,223 BTC in Two Days
Strive, a company, has purchased 1,223 Bitcoin (BTC) over two days, October 14 to 16, according to an SEC filing dated Monday. The company spent approximately $100 million on the purchase, with an average price of around $81,734 per BTC. This is part of a larger buying spree, as the company also bought 2,822 BTC in the same week. Strive now holds a total of 36,818 BTC, making it one of the largest publicly traded Bitcoin owners. The company funds these purchases with its own shares and equity issuance, meaning that part of every new coin is paid for by the existing shareholders.