Strive Buys 1,107 Bitcoin For $94.5M As Holdings Pass 27,400 BTC

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Strive bought another 1,107 BTC for approximately $94.5 million between September 21 and September 25. The company paid an average of $85,396 per Bitcoin. Strive now holds 27,462 BTC as it continues expanding one of the largest public-company Bitcoin treasuries. Strive has added another 1,107 Bitcoin to its corporate treasury, spending approximately $94.5 million during the latest week of accumulation. The company disclosed the purchases on September 28, saying it paid an average of $85,396 per BTC between September 21 and September 25. The acquisition pushes Strive’s total holdings to 27,462 BTC. Preferred Stock Supplied Most Of The Capital The latest purchase was funded largely through Strive’s SATA preferred stock. According to the company’s disclosure, roughly 85% of the capital deployed during the week came from SATA-related financing. Warrant exercises generated another approximately $12.4 million. That financing structure is becoming as important to the Bitcoin treasury story as the purchases themselves. Companies following the Strategy model need a repeatable way to rai...