Funding
Strive Makes Largest-Ever Bitcoin Purchase
Strive, a company led by CEO Matt Cole, announced a purchase of 6,182 Bitcoin (BTC) for over $511 million. This marks the company's largest bitcoin acquisition to date. Strive's total bitcoin holdings now amount to 43,000 BTC, valued at approximately $3.5 billion, despite a decline in USD value due to market fluctuations. The company also increased its cash and marketable securities by $187.7 million to $554.6 million and launched a $1 billion ATM program for SATS preferred stock to support further bitcoin investments.