According to an 8-K filing disclosed by the U.S. SEC, Nasdaq-listed Strive (ASST) purchased 6,182 Bitcoin for approximately $511.4 million between October 17 and October 23, which lifts its total holdings to 43,000 BTC.
The company paid an average of $82,732 per BTC, including fees and expenses. According to Bitcoin Treasuries, the company now holds 43,000 Bitcoin at an average cost of $87,850 per BTC.
Important Read: Strive Buys $36.6 Million in Bitcoin, Reaches 25,000 BTC
Cash reserves rise
Strive’s cash and cash equivalents increased to $504.4 million from $317.5 million during the reporting period, even as its Bitcoin holdings expanded.
The company’s holding of STRC preferred shares under Strategy remained unchanged at 505,000 shares. Their fair value rose to approximately $50.18 million from $49.35 million.
Preferred stock and share counts
Strive added 7 million shares of its 15.00% Series A Perpetual SATS Preferred Stock outstanding, compared with none a week earlier.
Its SATA preferred shares remained at 14.03 million.
Strive’s Class A common stock outstanding increased from 114.8 million to 118.1 million shares, an increase of approximately 3.27 million shares.
The company’s assumed fully diluted shares totaled approximately 130.04 million.
Sign up on WEEX and roll for a chance to win a share of the $1,000,000 prize pool.
