BNY Mellon Increases Strive Stake by 39% to 257,718 Shares
Key Highlights BNY Mellon increased its stake in Strive by 39% to 257,718 shares rather than buying Bitcoin directly. Strive holds more than 43,000 BTC and primarily finances its Bitcoin purchases through stock offerings and perpetual preferred stock. The roughly $6 million position is small relative to BNY Mellon’s overall assets, but institutional ownership could ...
