Strive Makes Largest Bitcoin Purchase Since January, Adding…
By Abdelaziz Fathi
AI summary of the source article
Strive acquired 3,311 bitcoin for approximately $279.8 million between October 5 and October 9, increasing its total holdings to 32,773 BTC. The company simultaneously expanded its common and preferred share counts while lifting cash reserves to $310.3 million.
Why it matters
stronger demand allows Strive to issue additional preferred shares more efficiently and direct the proceeds toward further Bitcoin purchases
Key facts
- Strive purchased 3,311 BTC for roughly $279.8 million, raising its treasury 11.2% to 32,773 BTC.
- Effective common shares outstanding grew 9.4% to 110.39 million, and SATA perpetual preferred shares increased by 532,094 to about 14.03 million.
- Cash and cash equivalents rose from $284.7 million to $310.3 million during the same week.
Source excerpt · FinanceFeeds
Strive added 3,311 bitcoin in a single week, spending approximately $279.8 million as the company accelerated its attempt to climb the rankings of publicly listed corporate Bitcoin holders. The Nasdaq-listed company purchased the bitcoin between October 5 and October 9 at an average price of approximately $84,500 per BTC, including fees and expenses, according to a regulatory filing Tuesday. The a…