Strive Expands Bitcoin Holdings with $94.5 Million Purchase
- Strive acquired 1,107 BTC between Sept. 21 and Sept. 25 at an average price of $85,396 per coin.
- The purchase increased Strive’s total Bitcoin holdings to ₿27,462, valued at approximately $2.3 billion.
- SATA preferred stock provided about 85% of the capital raised for this acquisition, including $12.4 million from warrant exercises.
- Strive is the fifth-largest public Bitcoin holder and would need to acquire roughly 1,235 BTC weekly to surpass Twenty One Capital by year-end.
Strive’s recent purchase of Bitcoin reflects its ongoing strategy to increase its cryptocurrency holdings significantly through strategic investments funded largely by SATA preferred stock proceeds. This move maintains Strive’s position among the top public holders of Bitcoin globally.
