Overview
- Strive has expanded its holdings to about 20,000 BTC, a position worth roughly $1.3 billion after buying 79 BTC in late July at an average price near $65,700, according to recent reporting.
- CEO Matt Cole says critics and advocates share a common view of fiat weakness and that Bitcoin should be treated as the “hardest hurdle rate” for corporate capital allocation.
- Short-seller Jim Chanos and other skeptics argue the company’s strategy adds leverage, volatility and shareholder dilution without guaranteeing long-term value.
- Strive has used an acquisition of Semler, equity sales and a new perpetual preferred product called SATA to fund and package Bitcoin exposure for institutional investors.
- The company now ranks among the largest public corporate Bitcoin holders, a shift that could prompt more firms to consider crypto treasuries or trigger closer investor and regulatory scrutiny over balance-sheet risk.