Strive acquires 1,355 BTC, expanding its treasury to 26,355 BTC and targeting second-largest corporate Bitcoin holdings by year-end.
Macro & Markets ·
Strive has purchased 1,355 BTC, bringing its total holdings to 26,355 BTC. The company is explicitly targeting to surpass MARA and achieve the second-largest corporate Bitcoin treasury by the end of the year, according to reporting on corporate Bitcoin treasury strategies.
The acquisition reflects a broader trend among companies treating Bitcoin as a primary reserve asset on their balance sheet. This strategy involves converting cash or liquid reserves into BTC rather than holding traditional currencies or short-term government bonds, with the rationale that Bitcoin's fixed 21-million-coin supply protects against the dilution that affects fiat currencies. Recent accounting rule changes by the Financial Accounting Standards Board in late 2023 now require companies to mark Bitcoin holdings to current market prices, removing a prior disincentive to holding the asset.
What remains unclear is the specific timing and funding mechanism of Strive's latest purchase, as well as the current Bitcoin holdings of MARA and other competitors in the corporate treasury rankings. The year-end timeline for achieving second-place status suggests an ongoing acquisition pace, but the cadence and total capital committed are not detailed in available reporting.