Strive Buys 1,375 Bitcoin, Lifting Holdings to 24,531 BTC

  • Strive bought 1,375 Bitcoin and raised holdings to 24,531 BTC.
  • Strive spent about $109 million at an average cost of $79,281 per Bitcoin.
  • SATA notional outstanding reached roughly $999.5 million as of September 4.

Strive bought 1,375 Bitcoin for about $109 million, raising its holdings from 23,156 BTC to 24,531 BTC as of September 4. The purchase, disclosed in a September 8 SEC filing, was made at an average cost of about $79,281 per coin, including fees and expenses. Chairman and CEO Matt Cole said SATA, Strive's variable-rate perpetual preferred stock, provided 70% of capital raised during the week, lifting its notional outstanding to roughly $999.5 million. The filing also showed cash and cash equivalents increased to $202.6 million despite the Bitcoin purchase. The reported 24,531-BTC total resolves an earlier account that listed 24,532 BTC following the same acquisition.

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