The company secured the latest batch of coins at an average price of $81,734, according to an October 19 announcement from CEO Matt Cole. This transaction follows a highly active period for the firm, which has added 7,356 BTC to its reserves in little over a week. At current market valuations, the total treasury stash is worth approximately $3 billion.
In section Cryptocurrency
Strive Bitcoin Treasury Surpasses 36,800 Coins Following Aggressive Buy
Strive has expanded its corporate treasury by another 1,223 Bitcoin, a $100 million acquisition that brings the Nasdaq-listed firm’s total holdings to 36,818 BTC. This latest move marks the third major purchase in just eight days, signaling a rapid acceleration in the company’s ongoing cryptocurrency accumulation strategy.
Strive’s expansion coincides with a broader restructuring of its balance sheet. The company recently finalized the exercise of its traditional warrants and is moving to settle a $630 million preferred stock offering. While these capital-raising efforts provide the liquidity needed for such significant Bitcoin purchases, they also adjust the firm’s equity structure. Management maintains that it will continue to hold an 18-month dividend reserve to cover preferred stock obligations, aiming to avoid the volatility risks associated with debt-backed Bitcoin holdings.
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