Strive Buys 2,000 Bitcoin, Discloses $500M SATA Buyback
- —Average purchase price was about $84,422 per coin, totaling roughly $169 million
- —Holdings rose to 29,462 BTC, ranking fifth among public Bitcoin holders
- —The $500 million buyback cap exceeds Strive's $284.7 million cash balance by $215.3 million
- —SATA pays about 13% a year, and retiring shares could cut future dividend costs
Why it matters: Retiring SATA could lower dividend costs but diverts capital from further Bitcoin purchases, signaling treasury-company priorities.
Source: Blockonomi