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CEO Matt Cole noted that 100% of the capital raised during the week came through sales of SATA

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Strive (ASST) also increased its "amplification ratio" to 53.5%, which the company defines as "the ratio of notional preferred equity outstanding and debt to BTC NAV.

Key facts

Summary

Strive added another 469 bitcoins to its treasury last week, bringing its total holdings to an even 25,000 BTC worth roughly $1.95 billion at current prices. The company spent $36.6 million on the latest purchase at an average price of under $78,000 per bitcoin, according to a F0rm 8-K filing released Monday. CEO Matt Cole noted that 100% of the capital raised during the week came through sales of SATA, Strive's perpetual preferred stock, which has also recently crossed $1 billion in notional value outstanding. Strive (ASST) also increased its "amplification ratio" to 53.5%, which the company defines as "the ratio of notional preferred equity outstanding and debt to BTC NAV." Simply put, this means that for every $100 of bitcoin Strive holds, it has about $53.50 of preferred stock obligations and debt outstanding. The latest acquisition marks a slowdown from the prior week, when Strive purchased 1,375 BTC for approximately $109 million.

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