Strive buys 469 Bitcoin, lifting treasury to 25,000 BTC
Strive buys 469 Bitcoin, lifting treasury to 25,000 BTC
Strive paid an average of about $77,954 for each Bitcoin acquired between Sep. 8 and Sep. 11.The company funded the $36.6 million purchase through proceeds from its SATA preferred stock rather than common shares.Strive also held about $204.2 million in cash and $49.81 million worth of Strategy’s STRC preferred stock.CEO Matt Cole said the company’s amplification ratio had increased to 53.5%.