Strive Passes MARA With 6,182 BTC Buy, Eyes $1B More

Strive BTC holdings now rank fourth among public companies. The company’s Bitcoin treasury still sits below its total acquisition cost. A new preferred-stock program lets Strive keep raising capital without taking on loans. The cost of the SATS dividend has become the main test of the strategy. Strive BTC holdings reached 43,000 coins after the company (Nasdaq: ASST), an asset manager that has turned itself into a Bitcoin treasury firm, bought 6,182 BTC for $511.4 million between October 17 and October 23, moving it into fourth place among publicly traded corporate holders, according to a Form 8-K filed with the…