Strive Stock Doubles in a Month as Bitcoin Purchases Keep Coming

TLDR

• Strive purchased 469 Bitcoin for $36.6 million, bringing total holdings to 25,000 BTC
• The purchase was funded entirely through sales of SATA preferred stock, which surpassed $1 billion in notional value
• Strive is now the fifth-largest publicly traded corporate Bitcoin holder
• Strive shares rose over 7% on Monday, more than doubling in the past month
• CEO Matt Cole says becoming the second-largest corporate Bitcoin holder by year-end is possible but not his base case

Strive, a Bitcoin treasury company and asset manager, added 469 Bitcoin to its holdings last week, spending $36.6 million at an average price of just under $78,000 per coin. The purchase brings the company’s total Bitcoin holdings to exactly 25,000 BTC, worth roughly $1.95 billion at current prices.

Strive acquired an additional 469 $BTC for $36.6M at an average cost of $77,954 per bitcoin, bringing total holdings to ₿25,000.

100% of the capital raised came from SATA, which now has over $1B notional outstanding.
We increased amplification ratio to 53.5%.$ASST $SATA pic.twitter.com/Nu3EYIBS4R

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