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Strive (ASST) Adds 29 Bitcoin for $2.2 Million as Weekly Buys Slow After Crossing 43,000

Bitcoin Magazine

Strive (ASST) Adds 29 Bitcoin for $2.2 Million as Weekly Buys Slow After Crossing 43,000

Strive bought another 29 bitcoin last week for about $2.2 million at an average of $75,721 per coin between Oct. 31 and Nov. 6, a Monday 8-K filing показва, lifting total holdings to 43,153 BTC from 43,124 as of Oct. 30 and capping a month that had already pushed the Dallas treasury past 40,000 coins.

Chairman and CEO Matthew Cole posted the same figures on X: “Strive acquired 29 $BTC for $2.2M at an average cost of $75,721 per bitcoin, bringing total holdings to ₿43,153.” Strive’s corporate account republished the note minutes later. The average price is inclusive of fees and expenses, the filing says.

The buy is a sharp downshift from the pace Strive set through October. The prior week alone, from Oct. 24 through Oct. 30, Strive added 124 bitcoin at about $80,526 a coin. Between Oct. 1 and Oct. 30 the company acquired 15,124 bitcoin in total, and Friday’s third-quarter results put year-to-date bitcoin yield — Strive’s measure of the percentage change in bitcoin per share — at 63.2% through Sept. 30, with an 18.5% print for the third quarter alone.

Holdings stood at 28,000 bitcoin on Sept. 30 before the October sprint. That climb followed multi-thousand-coin buys earlier this fall, including a 6,182-coin purchase funded with preferred proceeds, and kept Strive among the largest public corporate stacks after Strategy.

Cash, SATS and a thinner weekly add

Cash and cash equivalents fell to $487.6 million as of Nov. 6 from $490.4 million a week earlier, a $2.8 million drop that roughly covers the roughly $2.2 million bitcoin spend plus fees. Strive did not break out a separate funding line for this week’s coins in the 8-K.

The preferred stack kept moving. Shares of Strive’s 15% Series A perpetual preferred (SATS) rose by 33,141 to 7,036,559, a tally that includes shares sold through 4:00 p.m. Eastern that settle the next business day. SATA preferred stock was unchanged at 14,030,176. Effective common shares outstanding held flat at 127,331,109 after a Class A increase of 15,382 was offset by a matching Class B decline.

Strive still holds 505,000 shares of Strategy’s variable-rate STRC preferred, marked at a fair value of $50.4 million as of Nov. 6, up slightly from $50.1 million a week earlier. The company closed a registered offering of 7 million SATS shares on Oct. 20 for about $609 million in net proceeds and later lined up a $1 billion SATS at-the-market program, tools that have funded the larger buys that built the stack and that still leave room to keep adding if the ATM finds buyers.

At bitcoin near $74,650, the 43,153-coin treasury is worth roughly $3.22 billion on paper. That marks the stack about 1.4% under this week’s $75,721 average purchase price, though Strive has not disclosed a companywide cost basis in Monday’s filing the way Strategy does each week.

Strategy’s bigger Monday buy

The Strive update lands on the same Monday that Strategy оповестен its own weekly purchase. Strategy added 1,036 bitcoin for $81.9 million at an average of $79,012, lifting its holdings to 850,364 BTC bought for $64.16 billion at an average cost of $75,456. The two filings keep the familiar pairing in view: Strategy still dwarfs every other public corporate holder, while Strive has used preferred issuance to climb the treasury rankings with a faster bitcoin-per-share growth claim.

ASST closed Friday at $21.45, up from Thursday’s $20.59 close and still well below its Oct. 21 local high near $30.75. The 52-week range runs from $7.02 to $34.40. At the time of writing, bitcoin is near $74,650, Bitcoin Magazine Pro data shows. The test for Strive from here is whether another week of single-digit coin adds is a pause after October’s sprint or the new run rate once the preferred ATM is the main fuel.

This post Strive (ASST) Adds 29 Bitcoin for $2.2 Million as Weekly Buys Slow After Crossing 43,000 first appeared on Bitcoin Magazine and is written by Micah Zimmerman.


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