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One platform for global traditional assets
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Techub News, citing CoinPost, reports that Strive, a Nasdaq-listed company, filed an 8-K report with the SEC showing that it increased its Bitcoin holdings by approximately $33.9 million, acquiring 444 Bitcoins. After this purchase, Strive’s total Bitcoin holdings reached 15,000 Bitcoins, which is roughly $1.2 billion based on current market prices. The company uses Bitcoin as the minimum return benchmark for capital allocation, and continues to expand its holdings by raising funds through the issuance of preferred shares, SATA. Its holdings currently rank ninth among publicly listed companies worldwide. As of May 1, the company held $97.9 million in cash and $50.4 million in Strategy preferred stock STRC.