Strive buys 124 bitcoin for $10 million, SATS shares outstanding rise

Strive, a Nasdaq-listed company active in corporate treasury management, disclosed the purchase of 124 bitcoin between October 24 and October 30 at an average acquisition cost of approximately $80,526 per coin, including all related fees and expenses. This purchase was detailed in the company’s 8-K filing submitted on November 2. With this latest acquisition, Strive’s total bitcoin holdings now stand at 43,124 BTC. The 124 bitcoin added last week represent around 2% of the 6,182 BTC Strive acquired during the previous week, from October 17 to October 23. The most recent purchase, valued close to $10 million, aligns with information previously shared by CEO Matt Cole on X. In the same social media post, Cole explained that the company primarily used existing cash to finance these bitcoin acquisitions.

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