Dallas-Based Strive Adds 3,311 Bitcoin, Lifting Holdings To 32,773

Dallas Strive Adds 3,311 Bitcoin, Holdings Reach 32,773 | Matt Cole, Chief Executive Officer of Strive, Inc. | Image by Strive/web; background by Canva

Dallas-based Strive Inc. disclosed Tuesday that it purchased 3,311 Bitcoin from October 5 through October 9 at an average price of approximately $84,500 per coin, including fees and expenses, lifting its holdings to 32,773 Bitcoin.

Multiplying the company’s disclosed purchase amount by its stated average price puts the transaction at roughly $279.8 million. Strive held 29,462 Bitcoin on October 2, according to its October 13 filing with the U.S. Securities and Exchange Commission.

Bitcoin Holdings Jump Again

The purchase followed another major acquisition one week earlier. Strive filed an October 5 disclosure showing that it bought 2,000 Bitcoin from September 28 through October 2 at an average price of approximately $84,422 per coin.

Together, the two filings show Strive added 5,311 Bitcoin in two weeks.

The latest filing also shows cash and cash equivalents rose $25.6 million during the week, from $284.7 million on October 2 to $310.3 million on October 9. Strive held 505,000 shares of Strategy Inc.’s STRC preferred stock with a fair value of approximately $50.3 million.