Strive Adds 124 Bitcoin, Holdings Reach 43,124 BTC

Strive bought 124 bitcoin for about $10 million from October 24 to 30, lifting its holdings to 43,124 BTC, according to a U.S. Securities and Exchange Commission filing. The purchase leaves the company fourth among publicly reported corporate bitcoin holders, based on data from Bitcoin Treasuries. The filing put the average purchase price at $80,526 per bitcoin, including fees and expenses. Strive CEO Matt Cole said most of the purchase was funded with existing cash. He also said the company used its SATS preferred-stock program for the first time, with SATS accounting for all proceeds raised through its at-the-market programs that week. Strive’s cash and equivalents declined from $504.4 million on October 23 to $490.4 million on October 30. The company opened its SATS at-the-market program on October 26, allowing it to sell up to $1 billion of the preferred shares over time. The program followed an October offering that raised about $630 million from 7 million shares priced at $90 each. SATS carries a stated annual dividend of 15% of its $100 stated value. Bitcoin Treasuries data placed Strive 390 BTC behind Twenty One Capital, which held 43,514 BTC, and 876 BTC behind...