Strive Snaps Up Another 1,375 Bitcoins for $109 Million
Strive, backed by Vivek Ramaswamy, has continued its aggressive Bitcoin purchases, adding another 1,375 BTC to its treasury. The company purchased these Bitcoins at an average price of $79,281, lifting its total holdings to 24,531 BTC.
The acquisition is part of Strive's ongoing effort to expand its Bitcoin position, and it has used a combination of SATA preferred share offerings and common equity issuance to fund its purchases. According to the company's CEO Matt Cole, SATA supplied 70% of the capital raised during the week.
Strive's Bitcoin holdings have increased by 21.1% over the past three weeks and 23% this quarter. The company's aggressive purchasing has also led to a significant increase in its stock price, with ASST trading at $27, up 116% from the previous month.