Strive Buys $280 Million in Bitcoin, Its Largest Purchase in Months

In brief

• Strive bought 3,311 BTC worth roughly $280 million between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, its largest purchase since January, lifting holdings to 32,773 BTC.
• The buy caps an aggressive run—following $169 million and $94.5 million purchases—for the firm, which trades as ASST and recently merged with Semler Scientific to grow its balance sheet.
• It lands amid heavy treasury activity from Strategy, Solana’s DeFi Dev Corp. and Bitmine, as Strive bought into a dip well below Bitcoin’s recent highs.

Strive is piling into Bitcoin at its fastest clip of the year, scooping up another 3,311 BTC worth roughly $280 million in its biggest single purchase since January.

The Nasdaq-listed asset manager, which trades under the ticker ASST, disclosed in a filing Monday that it bought the Bitcoin between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, including fees. The buy lifts Strive’s total holdings to 32,773 BTC, worth roughly $2.73 billion at today’s prices, up from 29,462 BTC a week earlier.

The purchase caps a stretch of aggressive accumulation. Strive added $169 million in Bitcoin earlier this month in what was then its largest buy in four months, after pushing its stack past 27,000 BTC with a $94.5 million purchase in late September.