Strive (ASST) Accumulates 19,864 Bitcoin as CEO Cites 'Hand Over Fist' Buying
Strive CEO Matt Cole disclosed the asset manager's Bitcoin treasury reached 19,864 BTC after purchasing 759 tokens for $50 million between June 15 and 21 at an average price of $65,850. Cole characterized the buying as occurring "hand over fist" during the recent market downturn.
Strive CEO Matt Cole said the Nasdaq-listed asset manager is buying Bitcoin "hand over fist" during the recent market downturn, with the company's treasury reaching 19,864 BTC [1]. The firm purchased 759 bitcoin for $50 million between June 15 and June 21, paying an average price of approximately $65,850 per token [2].
The accumulation occurred during a period of cryptocurrency price volatility, with Strive deploying capital at levels that position the company among public firms with material Bitcoin exposure. Cole's "hand over fist" characterization signals management confidence in long-term Bitcoin valuations despite near-term price weakness.
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