Strive Acquires 1,110 Bitcoins, Increasing Holdings to 21,356

Strive Asset Management has purchased 1,110 Bitcoins for approximately $81.5 million, raising its total holdings to 21,356 Bitcoins, valued at around $1.7 billion, making it the seventh largest publicly traded company holder of Bitcoin. The acquisition took place between August 17 and 21, with an average purchase price of $73,409 per Bitcoin, representing an increase of about 5.5% from the previous holding of 20,246 Bitcoins. Strive raised funds to execute its Bitcoin reserve strategy through the issuance of ASST common stock and SATA preferred stock, increasing Class A shares by approximately 3.65 million to reach 79.89 million shares, and issuing 441,313 shares of SATA preferred stock. Strive's CEO stated that this acquisition brings the total holdings to 21,356 Bitcoins. Previously, in August, Strive purchased 147 Bitcoins at an average price of over $64,800 each, followed by an additional 79 Bitcoins at an average price of $63,231 each, totaling 226 Bitcoins. In June, Strive acquired 2,500 Bitcoins for $185.2 million, increasing its holdings to 19,000 Bitcoins. As of August 21, Strive's cash and cash equivalents increased from approximately $154.8 million to $171.9 million, with SATA preferred stock priced at around $100, and the annualized dividend yield raised to 13% in April.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.