Strive added 6182 BTC last week, bringing its cumulative hol
An 8-K filed with the U.S. SEC shows that bitcoin treasury company Strive added 6,182 BTC at an average price of approximately $82,732 between October 17 and 23, bringing its total holdings to 43,000 BTC, with cash and cash equivalents rising to $504.4 million, and signed ATM sales agreements for up to $1 billion of Series A perpetual preferred stock with seven institutions including Cantor Fitzgerald and Barclays.
Event Timeline
- [10-26 12:03] Strive added 6,182 BTC last week, holdings increased to 43,000 (PANews)
- [10-26 12:03] Strive added 6,182 BTC last week, total holdings reached 43,000 (Odaily Planet Daily)
- [10-26 12:03] Strive added 6,182 BTC last week, cumulative holdings reached 43,000 (Wu Blockchain)
- [10-26 13:18] Wu Blockchain Daily Selected Crypto News - Strive added 6,182 BTC last week, cumulative holdings reached 43,000 (Wu Blockchain)
Background and Impact
According to the 8-K filed with the U.S. SEC, bitcoin treasury company Strive (ASST) purchased 6,182 BTC at an average price of approximately $82,732 (including fees and expenses) between October 17 and October 23, for a total of approximately $511 million. As of October 23, the company's total BTC holdings increased from 36,818 to 43,000. PANews, Odaily Planet Daily, and Wu Blockchain all reported on the contents of the filing on October 26.
The same filing also disclosed changes in assets and equity during the same period: the company's cash and cash equivalents increased from $317.5 million to $504.4 million, an increase of $186.9 million compared with October 16; it also holds 505,000 shares of Strategy STRC preferred stock with a fair value of approximately $50.18 million. On the equity side, sources differ slightly in their descriptions of the increase in Class A common shares: PANews recorded an increase of approximately 3.27 million shares, while Odaily and Wu Blockchain recorded an increase of approximately 3.266 million shares, with outstanding shares reaching approximately 118.1 million; all three stated that SATS preferred stock outstanding shares were 7 million, with PANews describing it as "increasing from 0 to 7 million shares," while SATA preferred stock outstanding shares remained unchanged at approximately 14.03 million.
Wu Blockchain further reported that Strive signed sales agreements with seven institutions including Cantor Fitzgerald and Barclays on October 26, planning to sell up to a total of $1 billion of Series A perpetual preferred stock (Nasdaq: SATS) from time to time via ATM (at-the-market offering). The preferred stock completed its initial public offering on October 20, and net proceeds will be used for general corporate purposes, including purchasing bitcoin and related products and supplementing working capital.
From a market perspective, bitcoin treasury companies continuously accumulating through capital market tools is one of the important funding paths in this cycle, and this disclosure also involves the establishment of a preferred stock ATM channel. It should be noted that the above figures are all third-party reports citing SEC filings; the company's official disclosures shall prevail. Readers interested in price action and holdings tracking can follow subsequent 8-K and quarterly reports; on the execution side, trading is generally done through mainstream platforms, and channel information such as Huobi HTX registration app download, Gate.io registration app download, Bitget registration app download, Binance binance registration app download, and OKX registration app download can be found on each platform's official page.
FAQ:
Q: What was the average price and total scale of Strive's accumulation this time?
A: According to the SEC 8-K, the company bought 6,182 BTC at an average price of approximately $82,732 (including fees and expenses) between October 17 and 23, for a total of approximately $511 million, bringing total holdings to 43,000.
Q: What impact will the up-to-$1 billion preferred stock issuance bring?
A: The Series A perpetual preferred stock (Nasdaq: SATS) completed its initial public offering on October 20 and is planned to be sold from time to time via ATM, with net proceeds used for general corporate purposes, including purchasing bitcoin and related products. The actual issuance scale will depend on market conditions.
Q: Why do media reports differ on the equity figures?
A: The main difference is in the increase in Class A common shares: PANews recorded approximately 3.27 million shares, while Odaily and Wu Blockchain recorded approximately 3.266 million shares. The difference is due to different reporting conventions; the core figures such as holdings, average price, and cash balance are consistent across all parties, and the original SEC filing shall prevail.