Strive stock jumps 15% as Bitcoin treasury grows to $715M

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Source: CryptoNewsNet Original Title: Strive stock jumps 15% as Bitcoin treasury grows to $715M Original Link: Strive acquired approximately 102 Bitcoin, reaching a total of 7,627 BTC.

Shares of Strive surged 15% in intraday trading on Monday. The rally came alongside a rise in Bitcoin prices to $94,000, representing a 3% advance over 24 hours.

The publicly traded asset management company focused on Bitcoin treasury strategies announced the purchase of approximately 102 Bitcoin, bringing its total holdings to 7,627 BTC, worth about $715 million.

The acquisition places Strive at 14th on the Bitcoin 100 ranking, as tracked by BitcoinTreasuries.net.

The company has positioned itself as a leader among asset managers embracing Bitcoin as a core treasury component, pursuing what it describes as shareholder-focused strategies aimed at long-term capital discipline.

BTC0,61%
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NFTArtisanHQvip
· 01-08 22:31
honestly the whole "corporate bitcoin hoarding" aesthetic feels like watching capitalism rediscover what artists have known forever about digital scarcity. the treasury growth is just mechanics though... what's the actual *narrative* they're building here?
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AirdropDreamBreakervip
· 01-07 07:44
This move in the crypto circle is truly brilliant, directly accumulating over 7,600 BTC and pushing the stock price up by 15%
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ruggedNotShruggedvip
· 01-05 23:03
76,27 Bitcoins? This company is really all in. Are they not worried about losing it all?
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FunGibleTomvip
· 01-05 22:46
Damn, over 7,600 Bitcoins? That's an outrageous amount to hoard.
View OriginalReply0
BuyTheTopvip
· 01-05 22:38
Another Bitcoin hoarder is taking off, 715M in inventory, wow wow wow
View OriginalReply0
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