Shares of Strive experienced a notable increase of around 15% during Monday’s trading session, according to data from Yahoo Finance. This surge coincided with Bitcoin’s price climbing to $94,000, marking a 3% gain within a single day.
The firm, which is publicly listed and specializes in managing assets with an emphasis on Bitcoin treasury strategies, revealed that it had acquired roughly 102 additional Bitcoins. This purchase raised its total Bitcoin holdings to 7,627 BTC, valued at approximately $715 million.
With this latest acquisition, Strive secured the 14th position on the BitcoinTreasuries.net leaderboard that ranks entities by their Bitcoin reserves.
Strive has established itself as a prominent player among asset management companies integrating Bitcoin into their core treasury assets. The company focuses on shareholder-oriented approaches designed to maintain disciplined capital management over the long term.