Strive Soars with Record-Breaking $36.6M Bitcoin Buy

Strive's Bitcoin holdings have reached 25,000 BTC after the company purchased an additional 469 BTC for $36.6 million.

The acquisition was funded entirely by Strive's perpetual preferred stock (SATA), which has a notional outstanding value of over $1 billion.

This purchase marks the second major Bitcoin buy in recent weeks, with the first one taking place on September 4, where Strive acquired 1,375 BTC for an average price of $79,281 per coin.

Strive's amplification ratio has increased to 53.5%, and its common stock ASST has risen by about 3% following the news.