The purchase expands Strive's total Bitcoin holdings to 14,557 BTC, valued at approximately $1.1 billion based on the recent price of Bitcoin.
Alongside the treasury expansion, Strive's True North subsidiary scheduled a Bitcoin for Business summit for May 21 in Lake Oswego, Oregon. The event targets CFOs and business leaders exploring corporate Bitcoin adoption strategies.
Strive has acquired 789 BTC for $61.43 million at an average cost of ~$77,890 per bitcoin.
"Bitcoin and adjacent securities are transforming how businesses manage their treasuries," said True North CEO and Strive Chief Risk Officer Jeff Walton, in a statement. "We aim to educate the business leaders of today about the financial landscape of the future."
Strive manages over $2.7 billion in assets as a publicly traded structured finance company and institutional asset manager. The firm's True North sub-brand provides corporate Bitcoin curriculum and hosts educational events for businesses exploring cryptocurrency integration.
As of April 24, Strive maintained $90.5 million in cash and cash equivalents alongside $50.3 million in Strategy preferred stock holdings, according to SEC filings. The company's latest Bitcoin purchase represents a continuation of its aggressive treasury diversification strategy.
Strive’s stock (ASST) was down about 3% on Monday, recently trading at $15.33. ASST shares have surged by 55% over the last month, though shares are down 53% in the last six months.
