TechFlow News, June 2nd: Matt Cole, CEO of Bitcoin treasury company Strive, announced that Strive has acquired an additional 2,500 bitcoins, with a total transaction value of approximately $185.2 million and an average purchase price of about $74,092 per bitcoin. Following this acquisition, Strive’s bitcoin holdings now total 19,000 bitcoins.
Meanwhile, Strive’s year-to-date (YTD) BTC return stands at 23.0%, its year-to-date (YTD) BTC return is 36.7%, and its leverage ratio is 57.0%.
In addition, Strive stated that it has increased its cash reserves to maintain an 18-month dividend reserve.
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