From The Motley Fool · John Ballard · · 50s
Strive Stock Surges 20.5% in Bitcoin Push
Strive stock jumped 20.5% after $630m Bitcoin funding.
In brief
Strive stock jumped 20.5% after $630m Bitcoin funding. Strive stock surged 20.5% this week as it raised $630 million to buy more Bitcoin. Originally reported by The Motley Fool.
Strive stock surge
Strive stock closed at $29.03 on Thursday, Oct. 22, up 20.5% from Friday, Oct. 16's close.
Bitcoin funding boost
Strive completed a $630 million preferred stock offering to fund its Bitcoin acquisition strategy.
Preferred stock details
Strive sold 7 million shares of 15% Series A Perpetual SATS Preferred Stock at $90 per share.
Bitcoin holdings
Strive bought 4,045 Bitcoins between Oct. 12 and Oct. 16 at $82,803 per coin.
Market impact
Strive stock closed at $29.03 on Thursday, Oct. 22, up 20.5% from Friday, Oct. 16's close.
The main idea
Strive stock surged 20.5% this week as it raised $630 million to buy more Bitcoin.
