Strive Buys 6,182 Bitcoin For $511 Million, Lines Up $1 Billion ATM To Buy More

Strive purchased 6,182 BTC for $511.4 million at an average of $82,732 per bitcoin, increasing its total holdings to 43,000 BTC. Strive, Inc. (ASST) acquired 6,182 bitcoin for $511.4 million between October 17 and October 23, according to an SEC filing published on Monday. The company paid an average price of $82,732 per bitcoin. The purchase lifts Strive’s holdings to 43,000 BTC. Cash and marketable securities rose by $187.7 million to $554.6 million over the same period. The buy comes one week after Strive closed its upsized initial public offering of SATS, its 15% Perpetual Series A Preferred Stock.