Key facts
- Strive purchased 1,375 BTC at an average price of $79,281 per BTC.
- Strive's total Bitcoin holdings now stand at 24,531 BTC.
- The company's cash and cash equivalents increased to $202,600.
- 70% of the capital raised by Strive last week came from its preferred security, SATA.
- SATA stock has $999 million in notional outstanding.
- Strive's common stock, ASST, is up over 100% in the last month and recently hit a year-to-date high above $27.
Bitcoin treasury firm Strive has acquired an additional 1,375 BTC for $109 million, bringing its total holdings to 24,531 BTC and solidifying its position as the fifth-largest corporate Bitcoin holder. The company's CEO, Matt Cole, hinted at the purchase, which was funded significantly by its preferred security, SATA.
SATA accounted for 70% of the capital Strive raised last week, with its notional outstanding value approaching $1 billion. Strive's common stock, ASST, has experienced substantial gains, rising over 100% in the past month and reaching a year-to-date high above $27, driven by Bitcoin's recent rebound from $63,000 to over $82,000.
Strive aims to become the second-largest Bitcoin treasury firm by year-end, trailing only Michael Saylor's Strategy, which holds a significantly larger amount of BTC.