🔥 *#StriveBuys2000BTCFor$169M - Institutional Buying Frenzy!* 🔥
*JUST IN: Strive Adds 2000 BTC for $169M - Closing Gap on MARA!*
Nasdaq-listed Bitcoin treasury company Strive has made its biggest buy in 4 months!
*Details from SEC Filing (Oct 6):*
✅ *Purchase:* 2,000 BTC from Sept 28 - Oct 2
✅ *Average Price:* $84,422 per BTC (including fees)
✅ *Total Cost:* ∼$169 Million
✅ *New Holdings:* 29,462 BTC worth ∼$2.55 BILLION
✅ *Rank:* Now 4th largest public BTC treasury, just 6,115 BTC behind MARA (35,577 BTC)
*How They Funded It:*
- 61.5% via SATA preferred stock sales (variable-rate, 13% yield)
- $56.7M from warrant exercises
- Holds $284.7M cash, zero debt
*Q3 Stats:* Bought 8,137 BTC at avg $78,885 in Q3. YTD BTC Yield = 63.2%!
CEO Matt Cole says: _"Bitcoin attractively priced under $100K. Targeting 60%+ amplification ratio."_
They also launched a $500M SATA buyback facility.
Strategy bought only 334 BTC this week - Strive outbought them 6x!
Bullish for BTC? Corporate treasury race is heating up! 🚀
#Bitcoin #BTC #Strive #MARAt #BinanceSquare
*JUST IN: Strive Adds 2000 BTC for $169M - Closing Gap on MARA!*
Nasdaq-listed Bitcoin treasury company Strive has made its biggest buy in 4 months!
*Details from SEC Filing (Oct 6):*
✅ *Purchase:* 2,000 BTC from Sept 28 - Oct 2
✅ *Average Price:* $84,422 per BTC (including fees)
✅ *Total Cost:* ∼$169 Million
✅ *New Holdings:* 29,462 BTC worth ∼$2.55 BILLION
✅ *Rank:* Now 4th largest public BTC treasury, just 6,115 BTC behind MARA (35,577 BTC)
*How They Funded It:*
- 61.5% via SATA preferred stock sales (variable-rate, 13% yield)
- $56.7M from warrant exercises
- Holds $284.7M cash, zero debt
*Q3 Stats:* Bought 8,137 BTC at avg $78,885 in Q3. YTD BTC Yield = 63.2%!
CEO Matt Cole says: _"Bitcoin attractively priced under $100K. Targeting 60%+ amplification ratio."_
They also launched a $500M SATA buyback facility.
Strategy bought only 334 BTC this week - Strive outbought them 6x!
Bullish for BTC? Corporate treasury race is heating up! 🚀
#Bitcoin #BTC #Strive #MARAt #BinanceSquare