Strive Hits 25,000 BTC Milestone, Adds 469 Coins via Preferred Stock
ASST has more than doubled off its 52-week low of $7.02.
Summary
Strive acquired 469 Bitcoin between September 8-11 at an average price of $77,954, spending about $36.6 million entirely through its SATA preferred stock, bringing total holdings to exactly 25,000 BTC. This follows a rapid accumulation pattern: 1,800 BTC in late August and 1,375 BTC in early September. The SATA notional value now exceeds $1.04 billion, and CEO Matt Cole reports an amplification ratio of 53.5%. Financing via preferred stock avoids common share dilution, a key point for existing shareholders. The company's Bitcoin treasury has grown from 5,048 BTC at the January merger with Semler Scientific to 25,000 BTC in under nine months, placing it among the top corporate holders globally. Watch for continued weekly purchases and any updates on SATA terms or dividend obligations.
At the time of this announcement, ASST was trading at $27.55 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $7.02 to $197.60. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Crypto Briefing.