Strive Buys 469 BTC for $36.6M, Reserves Reach 25,000 Bitcoins
- —Bought 469 BTC for $36.6 million at an average price of $77,954 per coin
- —Reserves rose to 25,000 BTC — about $1.95 billion at current prices
- —Funding came through SATA preferred shares with a ~13% annual dividend
- —SATA issuance exceeded $1.04 billion, with a new round raising $40.3 million
Why it matters: Strive became the fifth-largest public holder of bitcoin, confirming corporate demand for BTC through preferred shares without dilution.
Source: Crypto Briefing