Publicly traded Strive Inc. has purchased an additional 789 Bitcoin for its treasury. The transaction, costing approximately $61.45 million, brings Strive's total Bitcoin holdings to 14,557 BTC, now valued at around $1.1 billion.
Strive's subsidiary, True North, will host a 'Bitcoin for Business' summit on May 21 in Lake Oswego, Oregon. The event is designed to educate CFOs and business leaders on corporate Bitcoin adoption strategies. "Bitcoin and adjacent securities are transforming how businesses manage their treasuries," stated True North CEO Jeff Walton, emphasizing the goal to inform leaders about future financial landscapes.
Strive manages over $2.7 billion in assets and is known for its treasury diversification strategy. The company's stock, ASST, experienced a 3% decline on Monday, trading at $15.33.