Odaily News: Bitcoin News posted on X platform that Strive Asset Management purchased 1,110 bitcoins for approximately $81.5 million, increasing its bitcoin holdings to 21,356 BTC. Based on a bitcoin price of approximately $80,000, the holdings are valued at about $1.7 billion, making Strive the seventh largest public company in terms of bitcoin reserves.

According to a filing with the U.S. Securities and Exchange Commission, Strive completed the purchase between August 17 and 21, with an average purchase price of $73,409 per bitcoin, including fees and related expenses. This purchase increased its bitcoin holdings by approximately 5.5% from the previous 20,246 BTC.

Strive raised funds by issuing additional shares of ASST common stock and SATA preferred stock to execute its bitcoin reserve strategy. During the same period, its Class A shares increased by approximately 3.65 million shares to 79.89 million shares, and it issued 441,313 shares of SATA preferred stock. Due to the increase in share count, Strive's total bitcoin holdings grew by approximately 5.5%, but bitcoin holdings per fully diluted share increased by only about 1.4%.

Strive CEO Matt Cole posted on X that the company newly purchased 1,110 bitcoins at an average cost of $73,409 per bitcoin, bringing total holdings to 21,356 BTC.

Previously, in August, Strive purchased 147 bitcoins at an average price of over $64,800 per bitcoin, followed by 79 bitcoins at an average price of $63,231 per bitcoin, totaling 226 bitcoins. In June, Strive purchased 2,500 bitcoins for $185.2 million, increasing its holdings to 19,000 BTC.

As of August 21, Strive's cash and cash equivalents increased from approximately $154.8 million to $171.9 million. The price of SATA preferred stock is approximately $100, and the annualized dividend yield was raised to 13% in April.

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