Strive Asset Management, an investment firm managing approximately $2 billion in assets, has expanded its digital asset portfolio through a strategic acquisition. The firm recently purchased over 5,000 bitcoin by acquiring a company that held significant crypto positions. This move brings Strive's total bitcoin holdings to exceed 12,000 BTC, representing over $1 billion in digital asset value across the portfolio.

This institutional-scale accumulation signals growing mainstream adoption of bitcoin as a core asset holding among major fund managers. The transaction demonstrates how institutions are integrating crypto positions through M&A strategies rather than direct market purchases, a trend worth monitoring for market sentiment indicators.