Strive says it bought 124 Bitcoin, lifting holdings to 43,124 BTC

Key points

• Strive paid about $10m, or $80,526 a coin including fees, bringing its total to 43,124 BTC, worth roughly $3.3bn.
• Most of the purchase came from existing cash, and Strive used its new SATS preferred stock at-the-market programme for the first time.

Strive says it bought 124 Bitcoin between 24 and 30 October at an average of $80,526 each, including fees, for about $10m.

The purchase, disclosed in an SEC filing, leaves Strive fourth among publicly traded companies, according to Bitcoin Treasuries data. It trails Twenty One Capital, which holds 43,514 BTC, by 390 coins and Metaplanet, with 44,000 BTC, by 876.

Strive also sold shares of its new SATS preferred stock on the open market for the first time, accounting for all of the week's fundraising.

Bitcoin has slipped since, so the holdings are now worth less than the company paid.

What to watch: SATS dividends, carrying a 15% annual rate on a $100 stated value, are due to be paid every business day from 9 November.

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