Strive Splashes Out $83M on 1,110 BTC as Bitcoin Holdings Top 21,000

In times when the cryptocurrency market is finally picking up the slack, the Bitcoin treasury company and asset manager Strive has returned with another purchase.

As announced by the firm’s CEO, Matt Cole, Strive has acquired an additional 1,110 BTC for $81.5 million at an average price of $73,409 per unit. These purchases were completed in tranches.

It bought 147 BTC between August 3 and 7 at an average price of just over $64,800. Then bought another 79 BTC a week later at an average price of $63,231. The rest were accumulated in the past few weeks as BTC’s price appreciated to almost $80,000 last Friday.

This is the firm’s second BTC purchase in the past few months. It held 15,009 BTC on May 12 before it ramped up its efforts and now holds 21,356 units.

Unlike Strive, Strategy, which is the world’s largest corporate holder of the cryptocurrency, has remained on the sidelines for almost two months, making no BTC purchases. Saylor’s company has focused on rebuilding its USD reserve, which is above $6.5 billion after the latest initiatives.