Bitcoin · Strategy · The Block
Strive pushes bitcoin holdings above 27,400 BTC with latest $94.5 million purchase
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Strive picked up another 1,107 bitcoins for approximately $94.5 million last week, pushing its total holdings above 27,400 BTC as it works its way up the ranks of public bitcoin treasuries.
Key facts
- Bitcoin's price BTC -1.71% BTC -1.71% $83,191.019 See Details stumbled on Sunday night and is currently trading at a one-week low of $83,000
- The company paid an average of $85,396 per bitcoin between Sept. 21 and Sept. 25, according to a Monday Form 8-K filing with the Securities and Exchange Commission
- Strive's common stock S ASST -1.49% is down 0.3% on Monday to $29.35
- Strive picked up another 1,107 bitcoins for approximately $94.5 million last week, pushing its total holdings above 27,400 BTC as it works its way up the ranks of public bitcoin treasuries
Summary
The company paid an average of $85,396 per bitcoin between Sept. 21 and Sept. 25, according to a Monday Form 8-K filing with the Securities and Exchange Commission. Bitcoin's price BTC -1.71% BTC -1.71% $83,191.019 See Details stumbled on Sunday night and is currently trading at a one-week low of $83,000. The latest purchase was a bit short of the prior week's 1,355 BTC addition, but Strive continued raising capital through its SATA perpetual preferred stock plus the exercise of outstanding warrants. Warrant exercises pulled in $12.4 million in gross proceeds, down from $21.2 million the previous week.