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DOGE$0.0704Strive Buys 29 BTC for $2.2M, Holdings Reach 43,153
Strive bought 29 BTC on Oct. 31–Nov. 6 at an average of about $75,721, roughly $2.2M. Holdings rose to 43,153 BTC; cash stands at $487.6M.
Strive (Nasdaq: ASST) bought 29 BTC between Oct. 31 and Nov. 6 at an average of about $75,721 per bitcoin, including fees, roughly $2.2M. The company disclosed the purchase on Nov. 9 in an 8-K filing. Total holdings rose from 43,124 to 43,153 BTC.
Details
According to the 8-K, Strive's cash fell from $490.4M to $487.6M over the week. Its position in Strategy's STRC preferred stayed unchanged at 505,000 shares, with fair value up from $50.06M to $50.42M. SATS preferred shares outstanding grew by 33,141 to 7,036,559.
Bitcoin.com also reported the purchase, noting it is considerably smaller than the October buys. A week earlier the company bought 124 BTC for about $10M, which we covered.
What it means for the market
Strive's buying pace keeps slowing: after the large October purchases funded by preferred stock, the company is barely adding and holds near 43,000 BTC. The average price of the latest buy, about $75,721, is below the previous week's $80,526. For the current bitcoin price see the daily brief or the Bitcoin page. This is not investment advice.
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