Strive CEO signals year-end Bitcoin holdings target of more than 27,000 BTC

Strive CEO Matt Cole has indicated the company plans to increase its Bitcoin holdings to more than 27,000 BTC by year-end, Crypto Briefing reported. The company earlier bought 1,800 BTC for about $143 million in the final week of August. TD Cowen had meanwhile raised its year-end forecast for Strive’s BTC holdings to 27,156 BTC. As of Aug. 28, the company held 23,156 BTC and has been funding its Bitcoin purchases through preferred stock issuance tied to SATA rather than additional common stock sales or borrowing.