From TokenPost · · 50s
Strive Raises Bitcoin Holdings
Strive buys 1,223 BTC to reach 36,818 coins ahead of $630M stock settlement.
In brief
Strive buys 1,223 BTC to reach 36,818 coins ahead of $630M stock settlement. Strive increased Bitcoin holdings to 36,818 coins after purchasing 1,223 BTC, with proceeds from a $630 million preferred stock offering planned for October 20. Originally reported by TokenPost.
Strive's Bitcoin Purchase
Strive increased its Bitcoin holdings to 36,818 coins after buying 1,223 BTC, expanding its corporate treasury ahead of a scheduled $630 million preferred stock settlement.
Purchase Details
The company bought bitcoin from Oct. 14 to Oct. 16 at an average price of about $81,734 per coin, including fees and expenses, totaling approximately $100 million.
Stock Offering Timeline
Strive priced a 7 million share offering of its 15% Series A Perpetual SATS Preferred Stock at $90 per share, expecting $630 million in gross proceeds before fees, with settlement scheduled for Oct. 20.
In short
Strive increased Bitcoin holdings to 36,818 coins after purchasing 1,223 BTC, with proceeds from a $630 million preferred stock offering planned for October 20.
