Fidelity increases its Strive stake by 2.35 million shares, bringing total holdings to 12.24 million shares

Shenchao TechFlow reports that on November 11, according to disclosures by Bitcoin Treasuries, Fidelity, which manages approximately $7.8 trillion in assets, bought an additional 2.35 million shares of Bitcoin treasury company Strive (ASST), worth about $51 million; its total holdings increased to 12.24 million shares, corresponding to a value of about $265.3 million, representing an increase of about 23% in shares held. Based on disclosed data, the average price of this stake increase was about $21.7 per share. Fidelity is the world's third-largest asset manager and, following the increase, became one of Strive's significant shareholders. Strive is transforming into a Bitcoin treasury company; its 8-K filed on November 9 shows that as of November 6, the company held 43,153 Bitcoin, and last week it added 29 Bitcoin at an average price of $75,721.

Source: Shenchao TechFlow