7/105 sources · 5 publishersUpdated Nov 3, 09:48 UTC
Strive adds 124 Bitcoin, boosting treasury to 43,124 BTC
Strive Inc. purchased 124 Bitcoin at an average price of about $80,526 per coin, raising its total holdings to 43,124 BTC. The buy was paid for largely with cash, leaving the company with $490.4 million in cash and cash equivalents. The firm also increased its SATS preferred‑stock issuance, issuing additional shares to finance the acquisition and other corporate needs.
Why it matters
The larger Bitcoin position strengthens Strive’s standing in the public treasury race, while the drop in cash and the new preferred‑stock issuance may affect shareholder dilution and dividend obligations, according to the company’s filing.
Key facts
- 1Strive added 124 Bitcoin, bringing its total holdings to 43,124 BTC. cryptobriefing.com
- 2The average price paid for the 124 Bitcoin was about $80,526 per coin. finance.yahoo.com
- 3Cash and cash equivalents fell to $490.4 million after the purchase. cryptonews.net
- 4Strive holds 505,000 shares of Strategy’s STRC preferred stock, valued at roughly $50.1 million. finance.yahoo.com
- 5Outstanding shares of Strive’s 15% Series A SATS preferred stock rose to 7,003,418. coinmarketcap.com
Open questions
- Material 1 says Strive raised about $630 million from its SATS preferred stock in mid‑October, while Material 5 reports a raise of nearly $700 million from the same offering.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.