Strive Adds 2,000 Bitcoin, Raising Holdings to 29,462

Strive acquired 2,000 bitcoin between September 28 and October 2 for an average of $84,422 per coin, bringing its reported holdings to 29,462 BTC, according to a Form 8-K filed Monday. The company said the purchase cost about $169 million and was its largest since June. The filing places the purchase in a broader third-quarter expansion. Strive reported preliminary figures of 8,137 BTC acquired during the quarter at an average price of $78,885. It also reported nearly $285 million in cash and cash equivalents as of September 30. These figures are preliminary company disclosures; the supplied reports do not provide independent confirmation of the transactions. Chief Executive Matt Cole said SATA preferred-share sales supplied 61.5% of the capital raised for the latest purchase, while warrant exercises generated $56.7 million. The reported details do not account for the full funding mix. Strive’s filing described its holdings at September 30, while the 2,000-BTC purchase covered transactions through October 2, so the quarter-end figures and purchase total refer to different periods. The acquisition increases Strive’s position among publicly traded companies holding bitcoin.