Strive's Bitcoin Holdings Hit 35,595 BTC After $515M in Purchases
- —The two purchases added 6,133 BTC for a combined cost of about $514.8 million
- —The second tranche averaged $83,266 per coin, below the portfolio's $89,353 average cost basis
- —Holdings rose from 28,000 BTC at end-September to 35,595 BTC on Oct. 13, up 27.1%
- —Strive filed a preliminary prospectus for 5 million SATS preferred shares carrying a 15% annual dividend
Why it matters: Strive is closing in on Metaplanet and Twenty One, intensifying competition among corporate bitcoin treasuries and tightening available BTC supply.
Source: NFT Evening