Strive purchases 1,223 BTC for $335 million, totaling 36,818 BTC

Strive Bitcoin, a publicly listed treasury company, bought 1,223 BTC for roughly $335 million on Tuesday, raising its total holdings to 36,818 BTC, the largest Bitcoin balance among listed firms. The purchase came after a previous acquisition that pushed Strive ahead of MARA Holdings in the race for the biggest corporate Bitcoin stash.

The deal reflects a broader trend of firms using Bitcoin as a hedge against inflation and a way to attract crypto‑savvy investors. Since the start of the year, Bitcoin’s price has risen more than 30 percent, giving companies a chance to lock in gains. Strive has been raising capital through equity offerings, selling shares to fund its buying program. The latest financing round raised $150 million, which the company earmarked for additional Bitcoin purchases. Analysts say the strategy is designed to boost the firm’s net asset value and improve its market profile.

The purchase brings Strive’s on‑balance‑sheet Bitcoin to a market‑valued $1.1 billion, according to CoinTelegraph. The company’s CEO, Alex Johnson, said the acquisition “strengthens our balance sheet and demonstrates confidence in Bitcoin’s long‑term upside.” Investors reacted positively, with Strive’s shares climbing 5 percent in after‑hours trading. Critics, however, warn that the firm’s exposure now exceeds 80 percent of its total assets, raising concerns about volatility and regulatory risk.

Going forward, Strive plans to continue buying Bitcoin as long as the price remains attractive and financing is available. The company has signaled that future equity raises could fund further purchases, potentially pushing its holdings past the 40,000‑BTC mark. Market watchers will monitor how the strategy impacts Strive’s valuation and whether other corporate treasuries follow suit, potentially deepening institutional demand for the cryptocurrency.