“$68M Bet on BTC, ETF Flows, Strive Closes In 📊 MSTR Stops + Bagging 5% of ETH”
AI summary · Strive's 6,182-bitcoin, $511 million purchase at about $82,000 each was its largest ever and puts it third among bitcoin treasury companies; at this pace it is likely to overtake Metaplanet and become the second largest, perhaps next week. Its NAV premium is 1.03 times, down from 1.46 times weeks ago, versus Metaplanet's 0.71 and MicroStrategy's near 0.95 — closer but not there yet.
Strive bought another 6,182 bitcoins for $511 million. In about a week, this is the largest purchase ever . They spent about $82,000 per Bitcoin, and also created a preferred asset ATM worth $1 billion.
This will enable them to buy... Well, they bought 43,000 Bitcoins. They are now in third place after Metaplanit. At this rate, they are likely to overtake Metaplanit. They will become the second largest treasury company, perhaps next week.
At this stage. So, this is very interesting as well.