Strive Buys $280 Million in Bitcoin, More Than 13 Times Strategy's Latest Buy

Strive bought 3,311 Bitcoin (BTC) for approximately $280 million, expanding its holdings by more than 10% in a week and outpacing Strategy’s latest corporate purchase by more than 13 times.

The Nasdaq-listed company acquired the Bitcoin between Oct. 5 and Oct. 9 at an average price of approximately $84,500 per coin, including fees and expenses. Its holdings rose to 32,773 BTC from 29,462 BTC on Oct. 2.

Strategy added 250 BTC during its latest reporting period. The company used $21 million from stock sales and $0.5 million in cash to fund that purchase.

Strive’s cash and cash equivalents increased by $25.6 million to $310.3 million during the week. Effective common shares outstanding rose by 9,448,218 to 110,387,204, while shares underlying traditional warrants declined by 7,993,806 to 15,255,900.

The filing did not provide a complete breakdown of how Strive financed the Bitcoin purchase. Strive trades on Nasdaq under the ticker ASST and is pursuing a corporate Bitcoin treasury strategy.