Strive Surpasses 25k BTC Milestone with $36.6M Preferred Stock-Funded Purchase

Strive's treasury has surpassed 25,000 BTC after the company purchased an additional 469 coins between September 8 and 11. The purchase was made at an average price of around $77,954 per coin, totaling approximately $36.6 million.

The funding for this purchase came entirely from the sale of SATA perpetual preferred stock, which now has over $1 billion in notional value outstanding. This marks a significant milestone for Strive, with its amplification ratio rising to 53.5%.

Cole, the company's CEO, had previously mentioned the approaching milestone and expressed excitement about breaking the $1 billion mark. The sales of SATA shares pushed the notional value past this threshold, while cash reserves rose slightly to $204.2 million.