Strive CEO Matt Cole said the company is willing to trim its Bitcoin holdings if selling would better serve shareholders. Strive currently holds nearly 20,000 BTC, making it one of the top 10 public company holders, and it carries no debt on its balance sheet. Cole said the company has funded Bitcoin purchases through instruments such as preferred stock rather than by selling existing holdings. He also pointed to Strive’s recent acquisition of Semler Scientific, which made it the first listed company to publicly acquire another Bitcoin-holding peer. Cole added that Strive’s objective is to outperform a simple buy-and-hold Bitcoin strategy, according to CryptoBriefing.
Strive CEO Matt Cole said the company would be willing to reduce its Bitcoin holdings if a sale would be in shareholders’ best interests.
Strive currently holds nearly 20,000 BTC, placing it among the top 10 public company Bitcoin holders. Cole also said the company has no debt on its balance sheet.
According to the report, Strive has financed Bitcoin purchases through instruments including preferred stock, instead of directly selling its existing holdings.
Cole also said Strive recently acquired Semler Scientific, making it the first listed company to publicly acquire a similar Bitcoin-holding company. He added that Strive’s goal is to outperform a simple strategy of holding Bitcoin, according to CryptoBriefing.
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