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Strive (ASST) Ships 18 Bitcoin, Pushing Treasury to 19,900 BTC

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Micah Zimmerman.

Strive (ASST) purchased 18 bitcoin for about $1.2 million last week, increasing its treasury to 19,900 BTC while maintaining $154.1 million in cash as it continues integrating its bitcoin-focused treasury strategy.

Key facts

Summary

Strive, Inc. (Nasdaq: ASST) bought 18 bitcoin last week, a modest addition that lifted the Dallas-based company’s treasury to 19,900 coins, according to an 8-K filing with the Securities and Exchange Commission on Monday. The purchases ran from July 6 through July 10 at an average price of about $64,028 per bitcoin, including fees and expenses, for a total of some $1.2 million. Alongside the purchase, Strive reported cash and cash equivalents of $154.1 million as of July 10, up $700,000 from July 2. Its own preferred instrument, the Variable Rate Series A Perpetual Preferred Stock that trades as SATA, remains at 7.83 million shares outstanding.

Read full article at Bitcoin Magazine →

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