Question 1

How many Bitcoin does Strive hold now?

Accepted Answer

Strive holds 16,500 BTC after its latest purchase of 1,109 coins for approximately $85.4 million at an average cost of $76,989 per Bitcoin, according to an SEC filing disclosed on May 26.

Question 2

How does Strive fund its Bitcoin purchases?

Accepted Answer

Strive primarily uses proceeds from sales of its Variable Rate Series A Perpetual Preferred Stock (SATA), which pays a 13% annualized dividend and has no fixed maturity date. The company also has at-the-market programs for its Class A common stock and is evaluating a refresh of both facilities.

Question 3

Where does Strive rank among public companies holding Bitcoin?

Accepted Answer

Strive is now the seventh-largest publicly traded corporate bitcoin holder, according to BitcoinTreasuries.net, just ahead of Coinbase at 16,492 BTC and Riot Platforms at 15,680 BTC.

SATA

Strive’s cash rose $17.1 million in the week it spent $81.5 million on bitcoin

Strive posts $257.6M Q2 loss but keeps stacking Bitcoin

Strive’s Joe Burnett points to institutional custody after Coldcard exploit

Strive announces $50M BTC purchase as most consistent buyers hold steady

Strive exec says $8.1M daily fundraising pace could fund 175,000 BTC purchase

Strive extends BTC buying spree with fresh $185M outlay

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Strive teases $4.2B funding increase on ‘sustained increase in liquidity and demand’

Is Strive is on the way to becoming Bitcoin’s next Strategy?

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