Strive buys 1,223 more bitcoin, taking its stack to 36,818 BTC
Strive bought 1,223 BTC for about $100M between Oct. 14 and 16, its second buy last week, and now holds 36,818 BTC, the fourth-largest public company stack.
CryptoGroup Newsroom · · 2 min read
Bitcoin treasury company Strive (ASST) bought another 1,223 BTC for about $100 million between Oct. 14 and Oct. 16, bringing its holdings to 36,818 BTC. The purchase was disclosed in a Form 8-K filed with the SEC on Monday and reported by The Block.
A two-part week
The new coins cost an average of about $81,734 each, including fees. They add to 2,822 BTC that Strive bought on Oct. 12 and 13 and announced on Oct. 14, for a weekly total of 4,045 BTC at an average of roughly $82,803. A week earlier, on Oct. 9, the company held 32,773 BTC.
Where Strive ranks
| Company | BTC held |
|---|---|
| Strategy | 848,517 |
| Metaplanet | 44,000 |
| Twenty One | 43,514 |
| Strive | 36,818 |
| MARA | 35,577 |
CEO Matt Cole has said he wants Strive to finish the year as the second-largest public holder. The Block calculates that it would need to buy about 700 BTC a week on average to pass Metaplanet. Strategy, the leader by a wide margin, reported 267 more BTC on the same day.
The balance sheet
- Cash: $317.5 million on Oct. 16, up from $310.3 million a week earlier.
- Shares: Class A shares outstanding rose by about 13.7 million to 114.8 million.
- Warrants: all traditional warrants were exercised or expired; exercises last week raised about $369.2 million, and the rest lapsed on Oct. 13.
- STRC stake: 505,000 shares of Strategy's STRC preferred stock, worth $49.3 million.
What's next
Strive priced 7 million shares of its SATS preferred stock on Oct. 15, expecting about $630 million before expenses, as we covered in Strive's $630M raise. That deal is scheduled to settle on Oct. 20. For readers weighing direct ownership against funds or treasury stocks, our bitcoin ETF vs buying bitcoin guide explains the differences.
This article is for information only and is not financial advice. Crypto assets are volatile; do your own research. Read our disclaimer
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