Strive's Treasury Just Got 113 BTC Heavier: Another Corporate Bitcoin Power Move

Strive, a Bitcoin DAT-listed firm, has added another 113 Bitcoin to its corporate treasury. The company spent approximately $7.75 million on the purchase, finalized on April 2, bringing its total holdings to a solid 13,741 BTC. For those keeping score at home, that's roughly 0.07% of Bitcoin's total supply—or in degenspeak, enough to make a respectable Twitter bio claim.

At the time of acquisition, each Bitcoin was valued at roughly $68,584. The transaction was likely executed through an over-the-counter (OTC) desk, which is the standard approach for large institutional purchases to minimize market impact and secure better price execution. Basically, they didn't want to be that guy yoloing 113 BTC on Coinbase and accidentally sending the price on a joyride.

This latest acquisition reinforces Strive's position among the most prominent public company holders of Bitcoin globally. The firm has been steadily accumulating Bitcoin over time through periodic purchases, following a dollar-cost averaging strategy that mitigates volatility risk. In plain English: they're not trying to time the bottom, they're just stacking sats and letting the law of large numbers do the heavy lifting.

The corporate Bitcoin treasury movement began gaining serious traction in 2020, with MicroStrategy leading the charge under CEO Michael Saylor. Companies cite Bitcoin's potential as a hedge against inflation and currency debasement, along with its verifiable scarcity and global liquidity. Saylor saw the matrix, clicked "accept," and now every CFO with a spreadsheet is having the same existential crisis about holding cash.

Strive's holdings now sit alongside other notable corporate Bitcoin bags: MicroStrategy leads with approximately 214,400 BTC, followed by Tesla with around 10,500 BTC and Block, Inc. with about 8,027 BTC. It's like a leaderboard for companies that looked at their treasury account, looked at Bitcoin, and said "yeah, we'll take the orange coin."

The broader trend reflects a shift in corporate treasury strategy, with firms increasingly viewing Bitcoin as "digital gold" – a non-correlated asset that can diversify traditional cash and bond holdings. As more Bitcoin moves into long-term corporate treasuries, the circulating supply tightens, a dynamic that could influence market structure going forward. The hodlers keep hodling, the corporate bags keep growing, and somewhere, a miner is quietly keeping the lights on.