Strive added 469 BTC at a total cost of $36.6 million, according to a post disclosed by CEO Matt Cole on Sept. 14. The purchase price worked out to an average of $77,954 per bitcoin. After the transaction, the company’s total bitcoin holdings rose to 25,000 BTC. Cole also said the deal was funded entirely through SATA. He added that SATA’s notional issuance has now surpassed $1 billion. The disclosure outlines the size of the latest purchase, the average acquisition cost, the updated treasury balance, and the funding source tied to the transaction.
Strive bought 469 BTC for $36.6 million, CEO Matt Cole said in a post disclosed on Sept. 14.
The company paid an average of $77,954 per bitcoin. Following the purchase, Strive’s total bitcoin holdings increased to 25,000 BTC.
Cole also said 100% of the funding for the transaction came from SATA. SATA’s notional issuance has now exceeded $1 billion.
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