Strategy and Strive have expanded their bitcoin holdings, purchasing a combined 2,773 BTC for a total of $232.5 million last week. Strategy acquired 1,665 coins for $142.7 million, while Strive purchased 1,107 BTC for $94.5 million.
Following these transactions, Strategy now holds 847,666 bitcoins valued at $70.5 billion. Strive has increased its total holdings to 27,462 coins. Strategy also reported a buyback of $152 million in its preferred stock, STRC.
The companies continue to accumulate assets despite market volatility and recent declines in their stock prices. Over the past year, Strategy stock has fallen by more than 50%, while Strive shares have decreased by over 30%.
Strive CEO Matt Cole stated the company remains debt-free with no margin requirements. Strategy CEO Phong Le described the firm's balance sheet as bullet-proof, noting that previous bitcoin sales were strategic. Strategy also announced plans for daily dividends on four preferred stocks.
