Strive makes a new purchase of US$ 109 million worth in #bitcoin
Asset management firm Strive acquired more than 1,375 BTC for about US$ 109 million (average price of US$ 79,281 per coin). The transaction raises the total of its #Reservas to 24.531 BTC (valued at approximately US$ 1.9 billion).
Key points from the article:
Market Position: With the acquisition, Strive strengthens its position as the 5th-largest publicly traded company holding Bitcoin in the world, surpassing corporations such as SpaceX, Coinbase, and Trump Media.
Financing Model (SATA Shares): About 70% of the capital used for the purchase came from the issuance of variable-rate preferred shares (SATA), which provide an annualized yield of 13%. By selling these shares near their par value (US$ 100), Strive raises funds without resorting to traditional debt-convertible securities.
Average Cost and Accounting Depreciation: The company’s historical average purchase cost is around US$ 91,467 per BTC, putting its positions in temporary accounting losses due to the current Bitcoin price.
Impact and Risks: Despite the accounting loss, the company’s stock (ASST) rose 114% over 30 days. However, the report highlights the risk of shareholder dilution, since the continued issuance of common and preferred shares may outpace the growth rate of BTC accumulated per share.
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Asset management firm Strive acquired more than 1,375 BTC for about US$ 109 million (average price of US$ 79,281 per coin). The transaction raises the total of its #Reservas to 24.531 BTC (valued at approximately US$ 1.9 billion).
Key points from the article:
Market Position: With the acquisition, Strive strengthens its position as the 5th-largest publicly traded company holding Bitcoin in the world, surpassing corporations such as SpaceX, Coinbase, and Trump Media.
Financing Model (SATA Shares): About 70% of the capital used for the purchase came from the issuance of variable-rate preferred shares (SATA), which provide an annualized yield of 13%. By selling these shares near their par value (US$ 100), Strive raises funds without resorting to traditional debt-convertible securities.
Average Cost and Accounting Depreciation: The company’s historical average purchase cost is around US$ 91,467 per BTC, putting its positions in temporary accounting losses due to the current Bitcoin price.
Impact and Risks: Despite the accounting loss, the company’s stock (ASST) rose 114% over 30 days. However, the report highlights the risk of shareholder dilution, since the continued issuance of common and preferred shares may outpace the growth rate of BTC accumulated per share.
$BTC $USDT $BTTC
