Treasury Firm Strive Makes Massive Bitcoin Purchase, Acquiring $511,000,000 Worth of BTC

The Bitcoin treasury firm Strive (ASST) just acquired $511 million worth of BTC. The Dallas-based company bought 6,182 Bitcoin between October 16th and 23rd, stretching its total holdings to 43,000 BTC, per documents filed with the U.S. Securities and Exchange Commission on Monday. Strive is the fourth-largest Bitcoin treasury firm in the world, and the company’s recent purchase brought it significantly closer to the second- and third-largest treasuries, Metaplanet and Twenty One Capital, which own 44,000 BTC and 43,514 BTC, respectively. Michael Saylor’s Strategy easily tops the list with 848,517 BTC, according to Bitcointreasuries.net . Matt Cole, Strive’s chairman and chief executive, hinted in an interview on the One Chair Podcast last month that his firm could end the year with some big BTC accumulations.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Daily Hodl.