Strive plans to raise Bitcoin holdings above 27,000 BTC by year-end

  • Strive plans to increase its Bitcoin holdings beyond 27,000 BTC by year-end.
  • 1,800 BTC cost about $143 million in the final week of August.
  • Strive held 23,156 BTC on Aug. 28 and used preferred stock issuance tied to SATA.

Strive CEO Matt Cole indicated that the company plans to increase its Bitcoin holdings to more than 27,000 BTC by year-end. The company bought 1,800 BTC for about $143 million during the final week of August. TD Cowen separately lifted its year-end forecast for Strive’s holdings to 27,156 BTC. Strive held 23,156 BTC as of Aug. 28 and has been funding purchases through preferred stock issuance tied to SATA, rather than additional common stock sales or borrowing.

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