đš STRIVE BUYS 2,000 $BTC
FOR $169M â LARGEST SNIPE SINCE JUNE!
Another institution going big buying into the dip!
NASDAQ-listed Strive (ASST) filed in its Oct 5 SEC 8-K that it purchased 2,000 $BTC for âŒ$169M between Sept 28 - Oct 2 at an average of *$84,422 per BTC*. Fees included.
Itâs biggest purchase since June when it bought 2,500 BTC, and its 3rd largest overall.
Metrics:
- Holdings: 29,462 BTC (âŒ$2.55B)*
- Funding: 61.5% through SATA preferred stock and $56.7M via warrant exercises
- Q3 total purchases: 8,137 BTC at average of $78,885
- Cash Balance: $284.7M; no debt
- YTD BTC Yield: 63.2%
- Amplification Ratio: 55.3%; aiming for above 60% while BTC is <$100K
Battle To Top:
Strive is now only 6,115 BTC behind MARA (35,577 BTC) in 4th place for largest public treasuries. For perspective, Strategy bought only 334 BTC ($28.7M) for the week. Strive outsniped Strategy 6-to-1!
Matt Cole CEO: "Bitcoin remains attractively priced at current levels". Strive also announced $500M SATA buyback facility.
Buying the dip â are institutions the only ones?
$BTC #strive #BitcoinTreasury
FOR $169M â LARGEST SNIPE SINCE JUNE!
Another institution going big buying into the dip!
NASDAQ-listed Strive (ASST) filed in its Oct 5 SEC 8-K that it purchased 2,000 $BTC for âŒ$169M between Sept 28 - Oct 2 at an average of *$84,422 per BTC*. Fees included.
Itâs biggest purchase since June when it bought 2,500 BTC, and its 3rd largest overall.
Metrics:
- Holdings: 29,462 BTC (âŒ$2.55B)*
- Funding: 61.5% through SATA preferred stock and $56.7M via warrant exercises
- Q3 total purchases: 8,137 BTC at average of $78,885
- Cash Balance: $284.7M; no debt
- YTD BTC Yield: 63.2%
- Amplification Ratio: 55.3%; aiming for above 60% while BTC is <$100K
Battle To Top:
Strive is now only 6,115 BTC behind MARA (35,577 BTC) in 4th place for largest public treasuries. For perspective, Strategy bought only 334 BTC ($28.7M) for the week. Strive outsniped Strategy 6-to-1!
Matt Cole CEO: "Bitcoin remains attractively priced at current levels". Strive also announced $500M SATA buyback facility.
Buying the dip â are institutions the only ones?
$BTC #strive #BitcoinTreasury
