₿ STRIVE buys 6,182 BTC for $511 million -. Holdings hit 43,000 Bitcoin.
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Strive made the largest Bitcoin purchase recently.
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The company purchased 6,182 BTC between October 17th and 23rd.
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Total cost:
511.4 million dollars.
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Average purchase price:
$82,732 to BTC.
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This pushes Strives total treasure to exactly:.
43,000 BTC.
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The company is now closing in on some of the world's largest public bitcoin holders.
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Current holdings disclosed include approx.
Strategy: 848,517 BTC.
Metaplanet: 44,000 BTC.
Twenty one: 43,514 BTC.
Aim for: 43,000 BTC.
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Strive is now only hundreds of bitcoins away from climbing higher on this leaderboard.
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But the financing strategy is just as important as the purchase.
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The company recently raised approximately $630 million through its preferred stock offering on SATS.
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And now it has set up another program that allows it to sell up to $1 billion of SATS preferred stock over time.
⠀ These revenues can be used for additional Bitcoin purchases.
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important:.
This is not just a company spending excess cash on BTC.
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Strive is deliberately building a capital market machine designed to raise money and accumulate Bitcoin.
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Strategy created the playbook.
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Now other public companies are building their own versions of it.
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