Strive’s Bitcoin Holdings Reach 25,000 BTC After Recent Purchase
- Strive acquired an additional Bitcoin (BTC) for $36.6 million, purchasing a total of 469 BTC.
- The average purchase price was $77,954 per BTC between September 8 and September 11.
- This acquisition increased Strive’s total Bitcoin holdings to an even ₿25,000.
- 100% of the capital for the purchase came from SATA, Strive’s preferred stock, which now has over $1 billion notional outstanding.
- Strive’s “amplification ratio” rose to approximately $53.50 in obligations for every $100 of Bitcoin on its balance sheet.
Strive’s recent purchase marks a significant addition to its cryptocurrency portfolio, bringing its total holdings to ₿25,000 and highlighting the company’s strategic use of preferred stock capital to finance acquisitions without diluting existing shareholders’ equity.
Despite this growth, Strive remains fifth among public holders of Bitcoin, trailing behind leaders like Twenty One Capital by a substantial margin of over ₿18,500 coins.Source
