Bitcoin treasury company Strive said it bought 124 BTC for about $10 million, with an average purchase price of $80,526 per coin, according to an announcement by CEO Matt Cole. The purchase brought the company’s total bitcoin holdings to 43,124 BTC. Strive said the acquisition was funded mainly with existing cash and also marked the first use of SATS ATM financing. The company added that this financing accounted for 100% of the funds raised through its ATM program this week. Strive also disclosed an Amplification Ratio of 62.7%.
Bitcoin treasury company Strive bought 124 BTC for about $10 million at an average price of $80,526 per bitcoin, CEO Matt Cole announced. After the purchase, the company’s total bitcoin holdings rose to 43,124 BTC.
Funding for the purchase
Strive said the acquisition was funded mainly with existing cash. It also used SATS ATM financing for the first time, with that financing accounting for 100% of the funds raised through the company’s ATM program this week.
Disclosed metric
The company also reported an Amplification Ratio of 62.7%.
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