Strive buys 2,500 BTC for $185.2M, boosting holdings to 19,000 coins
STRC•Strive acquired 2,500 additional Bitcoin for a total investment of $185.2 million at an average price of $74,092 per coin over the past week, raising its holdings to 19,000 BTC valued at $1.3 billion. Benchmark gave a Buy rating with a $32 target despite an 88% share decline.
1. Bitcoin Purchase Details
Over the past week Strive spent $185.2 million to acquire 2,500 Bitcoin at an average price of $74,092 per coin, marking its largest weekly accumulation to date.
2. Total Holdings Valuation
The firm now holds 19,000 Bitcoin with a market valuation of approximately $1.3 billion, positioning it among the top ten corporate Bitcoin holders globally.
3. Analyst Rating and Stock Performance
Benchmark initiated coverage with a Buy rating and a $32 price target implying 93% upside, while the stock has declined 88% over the last twelve months to trade near $17.20 per share.
