Strive Introduces $169 million Bitcoin in Its Biggest Buy in Four Months
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Strive bought 2,000 Bitcoin last week—its biggest haul in four months.
Key facts
- The publicly traded company paid an average of about $84,422 per coin between Sept. 28 and Oct. 2, according to its a filing with the SEC
- In plain terms, investors hand Strive cash and Strive currently pays about $13 a year for every $100 share
- The filing puts Strive's average cost at $90,170 per Bitcoin at the end of September, above the roughly $86,000 where Bitcoin traded Monday
- SATA supplied 70% of capital in the week ending Sept. 4 and 85% in the week ending Sept. 25
Summary
Strive bought 2,000 Bitcoin between Sept. 28 and Oct. 2 at an average of about $84,422 per coin, its largest purchase since 2,500 BTC bought May 23–June 1. Holdings reached 29,462 BTC as of Oct. 2, up 48% since July 2, with $284.7 million in cash and no debt. Strive's average cost was $90,170 per Bitcoin at the end of September, above the roughly $86,000 where BTC traded Monday. The publicly traded company paid an average of about $84,422 per coin between Sept. 28 and Oct. 2, according to its a filing with the SEC.