Asset management firm Strive Asset Management has purchased an additional 2,500 Bitcoin for approximately $185 million, according to a statement from its CEO. The acquisition, executed at an average price of $74,092 per Bitcoin, raises the company’s total holdings to around 19,000 BTC. The firm also reported strong performance metrics for its Bitcoin strategy and increased its cash reserves to ensure an 18-month dividend runway.
Asset management firm Strive Asset Management has significantly expanded its Bitcoin position with a new purchase of 2,500 BTC. The transaction, valued at just over $185 million, was announced on X by CEO Matt Cole.
Cole outlined that the average acquisition price was $74,092 per Bitcoin. This brings the firm’s total stash to approximately 19,000 BTC, reinforcing its status as an aggressive institutional accumulator.
The company disclosed strong internal performance figures tied to its Bitcoin strategy. Quarter-to-date BTC yield stands at 23%, while the year-to-date yield has risen to 36.7%.
Strive also reported an “amplification ratio” of 57%. This metric is often used to reflect the enhancement of Bitcoin exposure relative to its capital base.
Alongside the substantial Bitcoin accumulation, the firm is pursuing financial caution. It confirmed increasing cash reserves to secure an 18-month dividend runway.
The company has been a long-term supporter of the leading cryptocurrency. It previously outlined plans to accumulate up to 75,000 BTC, largely through Mt. Gox sales.
This latest accumulation coincides with a week where Strategy, the world’s largest corporate Bitcoin holder, sold a small portion of its holdings. The contrasting moves highlight differing institutional approaches amid market conditions.
