Strive Buys $280 Million in Bitcoin, Its Largest Purchase in Months
The Nasdaq-listed asset manager bought the Bitcoin at an average of about $84,500 during a rough week for the market, lifting its total stash to 32,773 BTC.
AI summary
Strive, a Nasdaq-listed asset manager, purchased $280 million worth of Bitcoin at an average price of roughly $84,500, its largest buy in months. The purchase raises the firm's total Bitcoin holdings to 32,773 BTC. This significant institutional accumulation during a market downturn signals confidence and could support Bitcoin's price by reducing available supply.
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