Strive’s Bitcoin Holdings Surge with Latest $109M Purchase
- Strive acquired an additional 1,375 BTC for approximately $109 million between Aug. 31 and Sept. 4, at an average price of $79,281 per coin.
- The company’s total Bitcoin holdings have increased to 24,531 BTC, valued at about $1.9 billion.
- 70% of the capital raised last week came from Strive’s preferred stock, SATA, which now has a notional value of $999 million outstanding.
- Strive has experienced three consecutive weeks of over-5% growth in its Bitcoin holdings, increasing by a total of 21.1% over the past three weeks.
Strive continues to expand its position as one of the largest corporate Bitcoin holders globally with its recent acquisition of BTC. The company leverages SATA shares to fund these purchases while maintaining shareholder interests through dividends rather than debt obligations.
This strategic approach has allowed Strive to grow its Bitcoin holdings significantly in a short period, positioning it as the fifth-largest corporate Bitcoin treasury worldwide.(Source)
