Strive adds 29 bitcoin as weekly accumulation slows for a second week
Nasdaq-listed treasury firm Strive acquired 29 bitcoin for roughly $2.2 million between Oct. 31 and Nov. 6, bringing its total reserves to 43,153 BTC.
Strive bought 29 bitcoin between Oct. 31 and Nov. 6 for approximately $2.2 million, paying an average price of $75,721 per coin including fees and expenses, according to a Form 8-K filing submitted to the U.S. Securities and Exchange Commission on Nov. 9. The acquisition lifts the Nasdaq-listed treasury firm's balance to 43,153 BTC, up from 43,124 BTC the prior week.[4][5]
The latest purchase marks a second consecutive slowdown in weekly acquisitions, according to Unchained's review of the firm's disclosures. Strive acquired 6,182 BTC from Oct. 17 to Oct. 23 and 124 BTC from Oct. 24 to Oct. 30, meaning roughly 98% of its 6,335 BTC accumulated over the three weeks was purchased during the first week. Strive's average purchase price dropped about 8% over that span, declining from $82,732 to $80,526 before falling to $75,721 in the latest period.[1][5]
The filing did not disclose how the bitcoin purchase was funded. Strive's cash and cash equivalents fell by $2.8 million over the week to $487.6 million as of Nov. 6. Shares outstanding of its 15.00% Series A Perpetual SATS Preferred Stock increased by 33,141 to 7,036,559, while its SATA preferred stock count remained flat at 14,030,176. Strive also retained 505,000 shares of Strategy's STRC preferred stock, valued at $50.4 million, while its effective common share count held unchanged at 127,331,109.[5]
Strive's updated total of 43,153 BTC keeps it among the largest corporate bitcoin holders, closely trailing Twenty One Capital's 43,514 BTC, according to Bitcoin.com News. In the same period, Strategy added 1,036 BTC for $81.9 million, expanding its holdings to 850,364 BTC.[3]
Key facts
- Strive bought 29 bitcoin for approximately $2.2 million at an average price of $75,721 per coin between Oct. 31 and Nov. 6.
- The purchase expanded Strive's total bitcoin reserves from 43,124 BTC to 43,153 BTC.
- Strive's weekly purchases slowed for two straight weeks, dropping from 6,182 BTC to 124 BTC to 29 BTC.
- Strive's average purchase price declined by roughly 8% across three weeks, from $82,732 to $80,526 to $75,721.
- Strive's cash and cash equivalents decreased by $2.8 million to $487.6 million as of Nov. 6.
- The regulatory Form 8-K filing did not specify how the 29 BTC purchase was financed.
- Strategy purchased 1,036 BTC for $81.9 million over the same period, bringing its treasury to 850,364 BTC.
Sources · 5 sources
- LS
Laura Shin@laurashinPost on X ·
Strive’s weekly bitcoin purchases have shrunk from 6,182 BTC to 124 BTC to 29 BTC over three straight weeks, according to the company’s filings. https://t.co/z9c1X1dE3a
Open source - BM
Bitcoin Magazine@BitcoinMagazinePost on X ·
JUST IN: 🇺🇸 Public company Strive bought 29 Bitcoin worth $2.2 million. This brings their treasury to 43,153 BTC 🚀 https://t.co/oRczVafOOF
Open source - BC
Bitcoin.com News@BitcoinNewsPost on X ·
JUST IN: 🟠 Strive announces Q3 earnings and this week's buy of 29 BTC, bringing total to 43,153 $BTC, closing in on Twenty One Capital's 43,514. 💸 Strategy also picked up 1,036 BTC for $81.9M, pushing its #Bitcoin stack to 850,364 BTC https://t.co/tvRCI92f8g
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin treasury firm Strive $ASST acquired another 29 bitcoin:native for approximately $2.2 million at an average price of $75,721 per bitcoin between Oct. 31 and Nov. 6. The purchases brought Strive's total holdings to 43,153 BTC as of Nov. 6, according to an SEC filing on Monday.
Open source - UN
UnchainedArticle ·
Strive’s Weekly Bitcoin Buying Shrinks for a Second Straight Week, to 29 BTC Strive (ASST), the Nasdaq-listed bitcoin treasury company, bought 29 bitcoin between Oct. 31 and Nov. 6, according to a Form 8-K current report it filed with the SEC on Nov. 9. The company paid an average of about $75,721 per coin, including fees and expenses, which works out to roughly $2.2 million for the week. The purchase took Strive’s holdings to 43,153 BTC , up from 43,124 BTC a week earlier. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Three Weeks of Smaller Buys This is the second week in a row that Strive’s purchases got smaller. By Unchained’s count from the company’s last three weekly 8-K filings, Strive bought 6,182 BTC from Oct. 17 to Oct. 23, then added 124 BTC from Oct. 24 to Oct. 30, then 29 BTC in the latest week. That comes to 6,335 BTC over three weeks, with about 98% of it bought in the first. Strive’s average purchase price, which includes fees and expenses, fell each week over the same stretch, from about $82,732 to $80,526 to $75,721, a decline of roughly 8% across the three purchases. Cash and Preferred Stock Strive’s cash and cash equivalents fell by $2.8 million over the week to $487.6 million as of Nov. 6, the filing shows. Shares outstanding of its 15.00% Series A Perpetual SATS Preferred Stock (SATS) rose by 33,141 to 7,036,559. The filing does not say how the bitcoin purchase was funded. The share count of Strive’s other listed preferred, its Variable Rate Series A Perpetual Preferred Stock (SATA), was unchanged at 14,030,176. Strive kept its 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which the filing valued at about $50.4 million as of Nov. 6, up $358,000 on the week. Its effective common share count, the sum of its Class A and Class B shares, held at 127,331,109. Related Listen: Why Matt Cole Believes Last Week’s STRC Crash Was a Leverage Liquidation The post Strive’s Weekly Bitcoin Buying Shrinks for a Second Straight Week, to 29 BTC appeared first on Unchained .
Open source