Strive buys 6,182 bitcoin, lifting its holdings to 43,000 BTC

Strive, Inc. (ASST) bought 6,182 bitcoin between October 17 and October 23 at an average price of about $82,732 per bitcoin, including fees and expenses, according to its Form 8-K filed October 26. Holdings rose from 36,818 BTC to 43,000 BTC, which ranks fourth among public companies, behind Strategy, Metaplanet, and Twenty One Capital.

Key takeaways

• The purchase cost about $511.4 million, and the filing shows cash and cash equivalents rising from $317.5 million to $504.4 million over the same week.
• At 43,000 BTC, Strive is 1,000 BTC behind Metaplanet (44,000) and 514 BTC behind Twenty One Capital (43,514), and now ahead of MARA (35,577).
• Strive also set up an at-the-market program for up to $1 billion of its SATS preferred stock. Proceeds may go toward more bitcoin purchases, according to The Block.
• As of October 23, the company reported a total cost of $3.8 billion for its bitcoin, an average of $87,785 per coin including fees and expenses (prospectus supplement).

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