Strive Buys 1,355 More Bitcoin, Lifting Holdings to 26,355 BTC
Minseung Kang
Summary
- Strive said it bought an additional 1,355 Bitcoin, lifting its total holdings to 26,355 BTC.
- CEO Matt Cole said the company spent $107.7 million to buy Bitcoin at an average purchase price of $79,475.
- Strive said it raised an additional $21.2 million through warrant exercises, and that 57.7% of its total funding came through perpetual preferred stock SATA.
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Strive, a corporate holder of Bitcoin, has bought an additional 1,355 BTC.
Matt Cole, Strive’s chief executive officer, wrote on X on Sept. 21 that the company spent $107.7 million on the purchase. The average purchase price was $79,475 per Bitcoin. That brought Strive’s total holdings to 26,355 BTC.
Strive also raised an additional $21.2 million as warrant exercises began last week. Including that amount, 57.7% of the company’s total funding was raised through perpetual preferred stock SATA.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.