Strive Is Buying Bitcoin 'Hand Over Fist' — Their Treasury Now Holds Nearly 20,000 BTC. Here's What That Means
(100 days ago) · 1 source · Summarized by CryptoBipto
Strive (ticker: ASST), led by its CEO, has been aggressively accumulating Bitcoin and now holds 19,864 BTC in its corporate treasury. The company's leadership described the buying pace as 'hand over fist,' signaling strong conviction in Bitcoin as a long-term treasury reserve asset.
WHY IT MATTERS
Imagine a company deciding to keep its savings in gold bars instead of cash in a bank account — that's essentially what Strive is doing, but with Bitcoin. When a publicly traded company buys nearly 20,000 Bitcoin for its 'treasury' (the money a company keeps in reserve), it's a big vote of confidence in Bitcoin as a store of value. For everyday investors, buying shares of Strive (ASST) becomes an indirect way to own Bitcoin without setting up a crypto wallet. The more companies that adopt this strategy, the more demand there is for Bitcoin, which can influence its price over time.
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