HOOPP disclosed it purchased millions of dollars’ worth of shares in Strive, a firms whose core business includes holding Bitcoin and other assets as part of a treasury strategy.

According to reports, the Ontario pension fund acquired about 14.8 million shares of Strive’s Class A common stock, equal to roughly 6.4% of all Class A shares outstanding — a stake worth around $37 million.

Benzinga.

Strive, Inc. (Nasdaq: ASST) is one of the first publicly traded “Bitcoin treasury” companies — meaning it manages a portfolio that includes substantial Bitcoin holdings as part of its asset base.

Quiver Quantitative

The company has been growing its operations and Bitcoin reserves as part of its core strategy and recently announced a plan to sell up to $500 million in preferred stock to fund acquisitions, Bitcoin purchases, and other corporate purposes.

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