Strive Bitcoin holdings top 36,800 BTC after another $100M purchase

Strive has purchased another 1,223 Bitcoin for approximately $100 million, raising its total holdings to 36,818 BTC as the Nasdaq-listed company continues expanding its cryptocurrency treasury through a series of acquisitions. Summary Strive has added 1,223 Bitcoin at $81,734 per coin, lifting its treasury holdings to 36,818 BTC. The latest acquisition cost approximately $100 million, bringing the company’s Bitcoin holdings above $3 billion in value. Three recently announced purchases added 7,356 BTC, increasing Strive’s holdings by roughly 25% in eight days. Strive completed its traditional warrant exercise period while preparing to settle a $630 million preferred stock offering. The company intends to maintain an 18-month dividend reserve as its preferred stock obligations grow. According to Strive CEO Matt Cole’s October 19 announcement, the company bought the latest batch at an average price of $81,734 per Bitcoin. The acquisition brought its reported holdings above 36,000 BTC for the first time, following two substantial purchases announced earlier in the month. Last Wed-Fri, Strive acquired 1,223 BTC at an average cost of $81,734 per bitcoin, bringing holdings to ₿36,818.– SA...