Strategy shares rose more than 7% to $153.48, and Strive shares gained more than 13% to $30.75 in a Wednesday session as bitcoin traded around $84,500. The source does not give a calendar date for that session.
Strategy said it bought 267 bitcoin for about $22.1 million between Oct. 12 and Oct. 18, bringing its holdings to 848,517 bitcoin. Strive bought 4,045 bitcoin between Oct. 12 and Oct. 16, bringing its holdings to 36,818 bitcoin, and raised $630 million through a preferred stock offering.
Strive plans to pay cash dividends every business day beginning Nov. 9, subject to board approval and available funds. The source says the offering proceeds may be used for bitcoin purchases, working capital, investments or share repurchases; it does not say those uses have occurred.
