Strive Buys 2,000 Bitcoin for $169 Million in Largest…

AI summary of the source article

Strive expanded its corporate treasury by purchasing 2,000 bitcoin for roughly $168.8 million at an average price of $84,422 between Sept. 28 and Oct. 2. This purchase lifted its total holdings to 29,462 BTC, positioning the company about 6,115 BTC behind MARA. The acquisition continues Strive's strategy of funding purchases through capital markets, primarily using its SATA perpetual preferred stock to limit direct common equity dilution. As of Sept. 30, SATA represented roughly $1.29 billion in stated amount with annualized dividend obligations of about $168.2 million. Strive reported a year-to-date BTC Yield of 63.2%, measuring growth in bitcoin per assumed diluted share.

Why it matters

Strive's reliance on preferred equity highlights how corporate bitcoin treasury strategies attempt to maximize bitcoin per diluted share while balancing ongoing dividend obligations and capital costs.

Key facts

• Strive acquired 2,000 BTC for roughly $168.8 million, raising its treasury to 29,462 BTC.
• The purchases are financed primarily via SATA perpetual preferred stock, which carries approximately $168.2 million in annualized dividend obligations.
• Strive reported a year-to-date BTC Yield of 63.2% through Sept. 30, measuring bitcoin accumulation per assumed diluted share.