Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking
By Micah Zimmerman
AI summary of the source article
Strategy purchased 811 bitcoin for roughly $65.5 million between October 26 and November 1, lifting its total holdings to 849,327 BTC. Meanwhile, Strive acquired 124 bitcoin, increasing its holdings to 43,124 BTC.
Why it matters
A shareholder-approved change to allow daily dividend accrual on four preferred stocks "was intended to improve liquidity, reduce reinvestment delays, and increase price stability, while keeping dividend rates and total obligations unchanged."
Key facts
- Strategy bought 811 bitcoin for approximately $65.5 million, raising its total holdings to 849,327 BTC.
- Strategy funded the purchase by selling roughly 1.18 million common shares for about $164 million, while also spending around $208 million to buy back 2.1 million STRC preferred shares.
- Strive added 124 bitcoin between October 24 and 30 at an average price of about $80,526 each, bringing its stack to 43,124 BTC.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC. This post Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking first appeared on Bitcoi…