Strive scoops 2,500 BTC as Saylor's Strategy finally sells

Strive added 2,500 bitcoin to its corporate treasury over the past week, even as Michael Saylor's Strategy disclosed its first bitcoin sale in nearly four years.

Strive purchased the additional BTC between May 23 and June 1 at an average price of $74,092 per bitcoin, according to an 8-K filing released Tuesday. The buys totaled roughly $185.2 million and lifted its holdings from 16,500 BTC to 19,000 BTC.

The latest purchase widened Strive's lead over Coinbase and Riot Platforms, both of which it surpassed last week.

Strive now sits as the seventh-largest public corporate holder and is 5,300 BTC behind sixth-ranked Bullish.

The filing also showed that Strive increased its cash and cash equivalents to $137.3 million from $93.3 million, while maintaining its roughly $50 million position in Strategy's