Strive Buys 1,223 More Bitcoin, Bringing Total Holdings to 36,818 BTC
Minseung Kang
Summary
- Strive said it bought 1,223 Bitcoin last week at an average price of $81,734 per coin.
- The purchase increased Strive’s Bitcoin holdings to a total of 36,818 BTC.
- Cole said proceeds from the SATS initial public offering (IPO) are scheduled to settle on Oct. 20, and the company plans to maintain 18 months of dividend reserves.
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Bitcoin treasury company Strive bought an additional 1,223 Bitcoin last week.
Strive CEO Matt Cole wrote on X on Oct. 19 that the company purchased 1,223 BTC from Wednesday through Friday at an average price of $81,734 per coin.
The purchase brought Strive’s total Bitcoin holdings to 36,818 BTC.
Cole added that funds raised through the SATS initial public offering are scheduled to settle on Oct. 20. The company also plans to maintain dividend reserves covering 18 months.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.