Strive lifts Bitcoin holdings to 32,773 BTC

• Strive increased its Bitcoin treasury by 3,311 BTC after purchases totalling approximately $279.8 million.
• Its holdings reached 32,773 Bitcoin, with purchases averaging $84,500 per coin.
• The company’s Bitcoin reserves grew faster than its effective common share count during the reporting period.

Strive, Inc. (NASDAQ:ASST) added 3,311 Bitcoin (BTC) between 5 and 9 October, lifting its holdings to 32,773 BTC.

The company paid an average of approximately $84,500 per Bitcoin, including fees and expenses, according to its 13 October filing.

Strive’s latest purchases increased its Bitcoin holdings by 11.2%, outpacing a 9.4% rise in its effective common share count.

Investors exercised approximately $208 million in warrants, while the number of shares underlying traditional warrants fell by nearly eight million.

Strive’s cash and cash equivalents also increased from $284.7 million on 2 October to $310.3 million on 9 October.

The company held 505,000 shares of Strategy’s variable-rate preferred stock, valued at approximately $50.3 million on 9 October.

The latest purchase places Strive among the largest publicly traded corporate Bitcoin holders, behind larger treasury operators such as Strategy.

Following the announcement, Strive shares were down 0.43% at $27.59.