Key facts
- Strive acquired 1,110 Bitcoin for $81.5 million.
- The company's total Bitcoin holdings increased to 21,356 BTC.
- Strive issued new common and preferred shares during the same period.
- The average purchase price for the Bitcoin was $73,409.
- Strive's stock saw a significant surge following the announcement.
Public asset manager Strive has purchased 1,110 Bitcoin for $81.5 million, bringing its total holdings to 21,356 BTC. The company acquired the Bitcoin at an average price of $73,409 per coin. During the same period, Strive issued 3.65 million common shares and 441,313 preferred shares. These share issuances meant that Bitcoin per fully diluted share increased by approximately 1.4%, despite a 5.5% rise in overall Bitcoin holdings. Strive's stock saw a surge of over 11% following the announcement. The company ended August 21 with $171.9 million in cash and cash equivalents, up from $154.8 million a week prior, even after the Bitcoin purchases.