Strive buys 469 Bitcoin, lifting treasury to 25,000 BTC

Strive has purchased 469 Bitcoin for about $36.6 million, raising its corporate treasury to exactly 25,000 BTC as of Sep. 11. Summary Strive paid an average of about $77,954 for each Bitcoin acquired between Sep. 8 and Sep. 11. The company funded the $36.6 million purchase through proceeds from its SATA preferred stock rather than common shares. Strive also held about $204.2 million in cash and $49.81 million worth of Strategy’s STRC preferred stock. CEO Matt Cole said the company’s amplification ratio had increased to 53.5%. According to Strive’s Form 8-K filing with the U.S. Securities and Exchange Commission, the company bought Bitcoin (BTC) between Sep. 8 and Sep. 11 at an average price of approximately $77,954 per coin. Strive’s Bitcoin treasury reaches 25,000 BTC Before the latest transaction, Strive held 24,531 BTC. The additional 469 BTC brought its balance to an even 25,000 BTC, adding another milestone to the company’s rapid accumulation campaign. Chief Executive Matt Cole shared Strive’s updated Bitcoin portfolio tracker on X after the purchase was disclosed. “Wall-breaking season at Strive,” Cole wrote. The transaction followed several purchases completed within a short...