Strive Bought 32 More Bitcoin Last Week at an Average Price of $63,911
Summary
- Strive said it bought an additional 32 Bitcoin during the recent market pullback.
- The average purchase price for the latest purchase was $63,911 per Bitcoin.
- Strive is maintaining a strategy of using pullbacks to expand its Bitcoin holdings to 19,000 BTC.
Forecast Trend Report by Period
Strive bought additional Bitcoin during the recent market pullback, extending its Bitcoin treasury strategy.
BlockBeats reported on June 8 that Strive purchased 32 Bitcoin between June 2 and June 7.
The average purchase price was $63,911 per Bitcoin. The latest buying came as Bitcoin tried to rebound after falling to the low-$60,000 range.
Strive has been steadily increasing its Bitcoin holdings. The company previously bought 2,500 Bitcoin for about $185.2 million, raising its total holdings to 19,000 BTC.
The market views Strive as sticking with a strategy of adding to its holdings during pullbacks, even as some Bitcoin treasury companies have strengthened selling or hedging strategies amid pressure in a weak market.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
