Strive, a publicly traded company, acquired approximately $169 million worth of Bitcoin between September 28 and October 2. The company purchased the assets at an average price of about $84,422 per coin. This transaction marks the firm's largest Bitcoin acquisition in the last four months.
As of October 2, Strive holds a total of 29,462 Bitcoin, valued at approximately $2.5 billion based on an average price of $86,000 per coin. The company currently ranks fifth among public Bitcoin holders, trailing behind Strategy, Twenty One Capital, Metaplanet, and MARA.
To fund these acquisitions, Strive has been issuing preferred stock known as SATA. These shares carry a stated amount of $100 and offer an adjustable dividend rate of approximately 13% per year. The company reports holding $284.7 million in cash with no outstanding debt.
The company's growth strategy included the acquisition of healthcare technology firm Semler Scientific, which was finalized following shareholder approval in January. Since July 2, the total dollar value of Strive's Bitcoin holdings has increased by 48%, despite the average cost per coin being reported at $90,170.
