[Digital Today reporter Yoonseo Lee] Asset manager Strive bought an additional 29 bitcoin.

CoinPost, a blockchain media outlet, reported on Monday that Strive bought 29 bitcoin between Oct. 31 and Nov. 6, spending $2.2 million.

The average purchase price for the latest acquisition was about $75,721 per bitcoin, including fees and other costs. Striveā€™s bitcoin holdings rose to 43,153 BTC as of Nov. 6 from 43,124 BTC as of Oct. 30.

Strive kept fourth place among listed companies by bitcoin holdings. Among the top ranks, Strategy was No. 1 with 850,364 BTC, followed by Metaplanet with 44,000 BTC in second place and Twenty One Capital with 43,514 BTC in third. The gap between Strive and third-ranked Twenty One is only 361 BTC. Fifth-ranked MARA Holdings holds 35,577 BTC, leaving Strive 7,576 BTC ahead.

The company has sharply increased the pace of bitcoin purchases in recent months. In an earnings release on Nov. 6, Strive said it bought 8,136 BTC in the third quarter from July to September. Its holdings stood at 28,000 BTC as of the end of September.

The buying trend continued in October. Strive bought an additional 15,124 BTC by Oct. 30, and the latest disclosure confirmed it continued buying over the past week. Holdings rose again after reflecting additional purchases from Oct. 31 to Nov. 6.

Market participants are focusing on Striveā€™s strategy of adding bitcoin as a treasury asset. After a net increase of 8,136 BTC in the third quarter, it kept buying in October and early November, helping it remain in the top tier in the race among listed companies by holdings.

Against this backdrop, the next focus is how much Strive can narrow the gap with Metaplanet and Twenty One Capital. The current differences are 847 BTC and 361 BTC, respectively, and the ranking of listed companies by bitcoin holdings could still change depending on whether it makes further purchases.