Strive Buys 124 More Bitcoin, Lifting Holdings to 43,124 BTC
Minseung Kang
Summary
- U.S. asset manager Strive said it bought 124 additional Bitcoin after deploying about $10 million.
- The purchase lifted Strive’s Bitcoin holdings to a total of 43,124 BTC.
- Strive said it used its SATS at-the-market (ATM) equity program for the first time, and its Bitcoin Amplification Ratio was 62.7%.
Forecast Trend Report by Period
Strive, the U.S. asset manager, bought 124 additional Bitcoin.
Matt Cole, Strive’s chief executive officer, wrote on X on Nov. 2 that the firm spent about $10 million to purchase the tokens. The average purchase price was $80,526 per Bitcoin.
The latest buy lifted Strive’s total Bitcoin holdings to 43,124 BTC.
Most of the purchase was funded with existing cash, Cole said. He added that Strive also used its SATS at-the-market, or ATM, equity program for the first time. All proceeds raised through the program last week were used to buy Bitcoin.
Strive’s Bitcoin Amplification Ratio was 62.7%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.