Strive buys 1,109 bitcoin, boosting holdings

Strive has significantly expanded its bitcoin reserves by acquiring an additional 1,109 BTC, bringing its total holdings to 16,500 coins. This strategic move positions Strive as the seventh-largest publicly traded corporate holder of bitcoin. The company also reported an increase in its cash reserves, now standing at $93.3 million. Alongside these developments, Strive is exploring options to refresh its at-the-market programs for its common and preferred stocks, indicating a potential for future capital raises to further support its bitcoin acquisition strategy.