Strive BTC Buys Extend to Nine Days via SATA Stock
Strive used SATA preferred stock proceeds for nine days of Bitcoin purchases including 104 BTC on Tuesday, updating its 8-K filing on 1,800 BTC acquired.
What is new
Strive’s SATA preferred stock raised funds sufficient for nine consecutive days of Bitcoin purchases.
The most recent transaction was a 104 BTC buy on Tuesday.
Prior disclosure
Strive disclosed in an 8-K filing the purchase of 1,800 BTC for $143 million at an average price of about $79,431 per coin.
The transaction occurred while Bitcoin traded near $78,000 and lifted the firm’s total holdings to 23,156 BTC, valued at $1.76 billion at the time of disclosure.
Remaining details
The exact settlement date remains unstated in the filing, as does any subsequent price movement on the position.
Exact source and verification of the nine-day streak and 104 BTC figure rest on the BitcoinTreasuries.NET post.