Strive Loads Up on Another 1,375 Bitcoin Amid ASST's 114% Surge
Strive Inc., a company behind the Variable Rate Series A Perpetual Preferred Stock (SATA), has acquired another 1,375 Bitcoin, lifting its stash to 24,531 BTC. The purchase was made between August 31 and September 4, with Strive spending around $109 million for the coins, paying approximately $79,281 per unit.
The company's corporate bitcoin treasury now stands as the fifth-largest in terms of holdings. Strive CEO Matt Cole took to social media platform X to share that 70% of the capital raised during the week came from SATA sales, which has reached a notional outstanding value of $999 million.
This acquisition comes on the heels of ASST's impressive performance, with shares surging by 114% in the last 30 days. In contrast, other digital asset treasury companies have seen their common stocks perform poorly.