Strive Increases Bitcoin Holdings to 25,000 Coins Following $36.6 Million Purchase
Strive, a Nasdaq-listed asset manager, has increased its Bitcoin holdings to exactly 25,000 coins after acquiring an additional 469 BTC for $36.6 million in the week of September 8–11, according to SEC filings. The purchase was funded entirely through preferred stock (SATA), which now holds over $1 billion notional value outstanding. The company's CEO noted that its amplification ratio—measuring obligations against Bitcoin net asset value—has risen to 53.5%. This means Strive carries about $53.50 in preferred obligations for every $100 of BTC on the balance sheet, a structure designed to raise capital without diluting common shareholders. Strive's recent purchase was significantly smaller than its previous week’s acquisition and contrasts with competitors like Twenty One Capital, which holds nearly 43,514 BTC. To catch up by year-end, Strive would need to average over 1,200 BTC per week.
Tickers: $ASST
Topics: asset purchases Bitcoin preferred stock Strive Asset Management