Bitcoin Magazine
Strive (ASST) Adds 17.76 Bitcoin as Falling Prices Boost Its Quarterly Yield
Strive, Inc. bought 17.76 bitcoin last week and now holds 19,882 coins, the company said in a Form 8-K filed earlier today.
The firm purchased the coins between June 29 and July 2 at an average price near $59,850. Chief Executive Matt Cole disclosed the update in a post on X.
The purchase reads as a deliberate nod to the July 4 holiday. The figure of 17.76 points to 1776, the year the United States declared independence. The buys landed days before the nation’s 250th anniversary of that declaration.
The weekly buy was small. The quarter behind it was not. Strive acquired 6,236 bitcoin during the three months ended June 30, at an average cost of $74,290 per coin. That haul lifted its treasury from 13,628 coins at the end of March to 19,864 at quarter close.
The company reported a 24.0% bitcoin yield for the second quarter, its own measure of the change in bitcoin held per s
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