![\"Strive](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-a-state-backed-crypto-fund-just-made-its-first-buy-and-it-wasnt-bitcoin.png\")
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Strive\u2019s Nasdaq-traded shares surged more than 11% as the Bitcoin treasury company said it paid an average of $73,409 per BTC, pushing its holdings to 21,356 Bitcoin.<\/p>\n
Strive purchased 1,110 Bitcoin for about $81.5 million last week, bringing its total holdings to 21,356 BTC. According to a Monday filing<\/a> with the US Securities and Exchange Commission, the company paid an average of $73,409 per Bitcoin (BTC), including fees and expenses, for purchases made between Aug. 17 and Aug. 21.<\/p>\n Strive\u2019s cash and cash equivalents rose by $17.1 million to $171.9 million over the period, while its Class A shares outstanding increased by 3.65 million to 79.89 million. Bitcoin was trading near $79,000 on Monday, about 8% above the average price Strive paid for its latest purchase.<\/p>\n The purchase lifted Strive to the seventh-largest publicly traded corporate BTC holder, behind Bullish and ahead of SpaceX, according to BitcoinTreasuries.NET data<\/a>. Its Nasdaq-traded ASST shares were up more than 11% in Monday morning trading, poised to extend their roughly 36% year-to-date gains, according to Yahoo Finance data.<\/p>\n