Strive Adds $10M in Bitcoin Following Massive $511M Buying Spree

Strive said it bought $10 million in bitcoin last week, increasing its holdings to 43,124 BTC as its investment chief stressed restraint. The purchase marked the first use of its SATS preferred stock sales program, while existing cash supplied most funding. Strive Inc. (Nasdaq: ASST) expanded its bitcoin treasury with a $10 million purchase , Chairman and CEO Matt Cole shared on X on Nov. 2. The transaction increased company holdings by approximately 0.29% from the preceding balance of 43,000 BTC. Existing cash funded most purchases, according to Cole’s update. The update also marked the company’s first use of its at-the-market (ATM) program for SATS, Strive’s preferred stock with a fixed dividend rate. SATS sales represented all proceeds raised through the company’s ATM programs that week.

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