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

On November 11, according to disclosures from Bitcoin Treasuries, Fidelity, which manages approximately $7.8 trillion in assets, newly purchased 2.35 million shares of Bitcoin treasury company Strive (ASST) valued at approximately $51 million; its total holdings increased to 12.24 million shares, corresponding to a value of roughly $265.3 million, marking an increase of about 23%.

Based on the disclosed data, the average acquisition price for this position was approximately $21.70 per share. As the world's third-largest asset manager, Fidelity has become one of Strive's major shareholders following the purchase.

Strive is currently transforming into a Bitcoin treasury company. A Form 8-K it filed on November 9 indicated that as of November 6, the company held 43,153 Bitcoin, and it acquired 29 additional coins last week at an average price of $75,721.