Strive Buys 18 More Bitcoin at Average Price of $64,028
Minseung Kang
Summary
- Strive said it bought 18 Bitcoin and spent about $1.2 million on the purchase.
- The average purchase price for the additional Bitcoin was about $64,028 per token.
- The market is watching whether Bitcoin accumulation by listed companies and institutions continues during the bear market.
Forecast Trend Report by Period
Strive has bought 18 additional Bitcoin.
Matt Cole, Strive’s chairman and chief executive officer, wrote in a post on X on July 13 that the company spent about $1.2 million last week on the purchase.
The average purchase price was about $64,028 per Bitcoin.
A screenshot posted by Cole showed Bitcoin trading at $62,793.10 at the time, indicating Strive paid above the market price shown in the post for its latest purchase.
Strive has steadily increased its Bitcoin holdings in recent weeks. The market is watching whether public companies and institutions continue accumulating Bitcoin even as the bear market persists.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.