Strive reports $511 million bitcoin purchase and $1 billion preferred-stock program

Strive says it bought 6,182 bitcoin for about $511 million, bringing its holdings to 43,000 BTC. The company also announced a $1 billion preferred-stock offering program.

• Strive’s latest purchase was 6,182 BTC for $511.4 million, at an average price of $82,732 per bitcoin, according to the detailed report.· 1 source
• The purchase brought Strive’s reported bitcoin holdings to 43,000 BTC.· 1 source
• The Block reported that the purchase left Strive within 1,000 BTC of Metaplanet’s position as the second-largest corporate bitcoin treasury.· 1 source
• Strive unveiled a $1 billion preferred-stock offering program; the detailed report describes it as an ATM program for SATS preferred stock.· 2 sources
• The detailed report says cash and marketable securities rose by $187.7 million to $554.6 million.· 1 source