Strive Acquires $280 Million in Bitcoin Amidst Share Count Increase
Strive has made a significant investment in Bitcoin, acquiring 3,311 BTC valued at $280 million. However, despite this substantial purchase, the Bitcoin per effective common share experienced only a modest increase of 1.72%. This limited growth is attributed to the concurrent rise in both common and preferred share counts.
Updated 14:00 UTC
New Insights on Bitcoin Accumulation
Bitcoin whales are actively accumulating Bitcoin ahead of a crucial US inflation report, even as $744 million has exited from spot ETFs. Recent data from CryptoQuant, dated October 13, indicates that large holders have collectively increased their Bitcoin holdings to 3.03 million BTC. This accumulation is occurring at the fastest monthly pace since February.
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