Strive acquires $511 million in bitcoin, The Block reports

CIE News ·

Based on reporting by The Block; not yet independently confirmed.

Strive has bought $511 million in bitcoin, bringing its treasury within 1,000 BTC of Metaplanet, according to The Block. The firm also announced a $1 billion preferred stock offering program.

Strive has completed a purchase of Bitcoin (BTC) totaling $511 million, according to The Block. The transaction reportedly moves the company to within 1,000 BTC of Metaplanet, which holds the second-largest corporate bitcoin treasury. Alongside the acquisition, Strive announced a new preferred stock offering program valued at $1 billion.

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