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Strive’s Bitcoin Buying Slows to 124 BTC, About 2% of the Prior Week’s Total

The bitcoin treasury company now holds 43,124 BTC, and CEO Matt Cole said it tapped its SATS at-the-market program for the first time.

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By Dextape Desk ·

Strive added 124 bitcoin in the week to October 30, at roughly $80,526 a coin including fees, according to a November 2 8-K filing from the Nasdaq-listed firm. Its holdings now total 43,124 BTC. Unchained's comparison of the two filings puts that intake at about 2 percent of the 6,182 BTC bought the week before. At the average price the purchase cost about $10 million, matching CEO Matt Cole's figure on X, where he said existing cash funded most buying. The 8-K reports cash of $490.4 million on October 30, down $14.0 million from a week earlier, without explaining the drop. Cole added that, for the first time, SATS, the firm's at-the-market share sale vehicle, accounted for all weekly ATM proceeds, though he did not provide a dollar amount.

Why it matters: It shows Strive's bitcoin buying dropped to about 2% of the prior week while it started using a new share-sale program, a shift treasury-tracking readers will want to note.

Mentioned: Bitcoin, Nasdaq

Summary by Dextape, based on reporting by Unchained. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.

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The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.

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