Bitcoin treasury company Strive has made another major Strive Bitcoin purchase, buying 4,045 BTC for approximately $335 million last week and pushing its total holdings to 36,818 BTC. The purchase, disclosed in a Monday filing with the U.S. Securities and Exchange Commission, is part of the company’s ongoing strategy of expanding its cryptocurrency reserves through equity financing.
How big is the Strive Bitcoin purchase?
Strive acquired the Bitcoin between Oct. 12-16 at an average price of $82,803 per coin, including fees and expenses. The company also reported approximately $369 million in proceeds from warrant exercises on Oct. 12 and 13, which resulted in the issuance of 13.7 million common shares. Its effective share count rose 12.4%, closely matching the 12.3% increase in Bitcoin holdings, which kept BTC per share largely unchanged. This latest move follows a 3,311 BTC purchase the previous week, when holdings grew 11.2%, outpacing a 9.4% rise in the effective common share count.
The Strive Bitcoin purchase makes the company the fourth-largest publicly traded corporate BTC holder, surpassing MARA Holdings, with reserves valued at approximately $3 billion according to BitcoinTreasuries.net. MARA has reportedly been selling some of its holdings, with wallets linked to the miner depositing about $82 million worth of crypto into Binance and Gate in recent days.
What else did Strive announce alongside the Bitcoin buy?
Strive also launched SATS, a new preferred stock issue carrying a fixed 15% annual dividend, payable each business day beginning Nov. 9, subject to board approval. The company priced a $630 million offering of these new preferred shares last week, with proceeds potentially funding additional Bitcoin purchases.
Shares of Strive (ASST) were up around 7.7% at $25.95 in late-morning trading Monday, according to Yahoo Finance data.
المصدر: Cointelegraph
