Vivek Ramaswamy-Backed Strive’s Bitcoin Holdings Cross $1 Billion After Latest Buying Spree
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Vivek Ramaswamy-backed Strive (ASST) moved higher in early-morning trade amid weakness in the cryptocurrency market, after the company announced that its total Bitcoin holdings had crossed 14,000.
In a filing with the Securities and Exchange Commission (SEC), the company said it had acquired 789 BTC for around $61 million at an average cost of $77,890 per Bitcoin. The company now holds a total of 14,557 BTC on its balance sheet, worth around $1.1 billion.
The filing also showed that the company held $90.5 million of cash and cash equivalents, and $50.3 million in the Variable Rate Series A Perpetual “Stretch” Preferred Stock of Strategy (MSTR).
ASST’s stock edged 0.5% higher in pre-market trade. Retail sentiment around the company trended in ‘bullish’ territory over the past day, accompanied by ‘high’ levels of chatter.
Bitcoin’s price edged 0.3% lower in the last 24 hours to around $77,800. Retail sentiment around the apex cryptocurrency also trended in ‘bullish’ territory over the past day, but chatter remained at ‘normal’ levels.
Get updates to this developing story directly on Stocktwits.
source: https://www.tradingview.com/news/stocktwits:d1fef893c094b:0/
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