Strive Buys $81.5 Million in Bitcoin After Issuing More Shares

The company increased its Bitcoin holdings by 5.5%, but its Bitcoin per fully diluted share rose only about 1.4%.

• Public asset manager Strive has increased its Bitcoin holdings by 5.5% through the purchase of 1,110 BTC for approximately $81.5 million.
• The company funded these purchases by issuing new common and preferred shares, resulting in a smaller percentage increase in Bitcoin per fully diluted share.
• This move aligns with a broader trend of corporate treasuries, including Metaplanet and MicroStrategy, expanding their Bitcoin reserves.

Topics: Asset types, Institutional adoption, Bitcoin treasuries, Alternative assets, Asset manager initiatives, Corporate treasury strategy

Tags: #strive #bitcoin #treasury #shares #secfiling #metaplanet #microstrategy #assetmanager

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