Post
Strive has added 6,182 Bitcoin to its holdings. The purchase was worth about 511.4 million dollars. The average price was around 82,732 dollars per coin. These details come from the company filing with the United States Securities and Exchange Commission. The buying period ran from October 17 to October 23.

This move increased the total holdings from 36,818 Bitcoin to 43,000 Bitcoin. This is a treasury strategy, meaning a public company holds crypto on its balance sheet. The company also set up a program to sell up to 1 billion dollars of its SATS preferred stock over time. Proceeds may be used for more Bitcoin purchases, working capital, income producing investments, and share buybacks.

You might wonder what this means for your view of the market. Large corporate buyers can affect sentiment. However, it is also useful to look at the structure. The preferred stock carries a 15 percent annual dividend. This is a cost the company must manage.

Markets are watching the pace of these purchases. Analysts note the company is now close to the second largest public Bitcoin treasury. Both directions remain possible for the market. The key signals are the official filings and the actual buying pace.

What is your main focus right now, the total holdings or the financing structure. I am holding my positions and watching the market.

This is not financial advice.

#Bitcoin $BTC
btc
BTC/USDT
--
-0.67%
post-image
User_any
#StriveCEOHintsAtMoreBitcoinBuying

Strive adding more Bitcoin. Oppssss the company just bought 6,182 Bitcoin. Ha ha ha ha the treasury keeps growing every single week.

This purchase cost about 511.4 million dollars. The average price was roughly 82,732 dollars per Bitcoin. These details come from the company filing with the United States Securities and Exchange Commission. The buying period ran from October 17 to October 23.

This matters because it pushes the total holdings to 43,000 Bitcoin. Before this, the company held 36,818 Bitcoin. This is a treasury strategy, meaning a public company holds crypto on its balance sheet. The latest purchase shows how quickly these corporate treasuries can expand.

You might wonder what this means for your own view of the market. Large buyers can affect sentiment. However, it is also useful to note the financing behind the purchase. The company closed a preferred stock offering during this period. It also set up a program to sell up to 1 billion dollars of preferred stock over time.

Markets are watching the pace of these purchases. Analysts note the company is now close to the second largest public Bitcoin treasury. Both directions remain possible for the market. The key signals are the official filings and the actual buying pace.

What is your main focus right now, the total holdings or the financing structure. I am holding my positions and watching the market.

This is not financial advice. #Bitcoin
#BTCBattlesFor80000
#ShareWeekly
repost-content-media
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC-0.67%

  • 1

Add a comment
Add a comment

Comment
ybaser
an hour ago
Here for the updates 🙌
0
ybaser
an hour ago
Is this bounce for real?
0
ybaser
an hour ago
Here for the updates 🙌
0
HappyToHelpYou.
an hour ago
Just recovered a little—don't drop again 😂
0View Original
MamonTrader
an hour ago
Here for the updates 🙌
0
MamonTrader
an hour ago
First Review
Is this bounce for real?
0