Strive’s SATA Raises $55M, Acquires Approximately 638 Bitcoin
- Strive raised an estimated $55 million in the week of Oct. 5, acquiring roughly 638 BTC.
- As of Oct. 2, Strive held a total of 29,462 BTC.
- Strategy sold zero STRC shares from Sept. 28 to Oct. 4 but purchased 334 BTC using MSTR common stock sales.
- The price of bitcoin was near $82,800 on Friday, making the acquired BTC worth approximately $53 million.
- Strive bought an additional 2,000 BTC between Sept.28 and Oct.2 at an average cost of about $84,422.
- BTC Yield stood at18.5% quarter-to-date and63.2% year-to-date as of Sept .30.
Strive’s SATA program successfully raised funds to acquire approximately638 Bitcoin , increasing its holdings significantly . This acquisition aligns with the company’s strategy to leverage market opportunities for expanding its crypto treasury .
By raising$55 million through its ATM program , Strive executed a substantial purchase that bolstered its total Bitcoin holdings to29 ,462 BTC as of early October .(Source )
