Strive Adds 3,311 Bitcoin as Its Treasury Reaches 32,773 BTC

Strive added 3,311 bitcoin between October 5 and October 9, raising its corporate treasury from 29,462 BTC to 32,773 BTC. The purchase averaged roughly $84,500 per bitcoin, including fees and expenses, according to an October 13 SEC filing.

The acquisition was worth approximately $280 million based on that disclosed average price, The Block reported; Strive reported $310.3 million in cash and cash equivalents at the end of the purchase period.

October purchase takes holdings to 32,773 BTC

The reported buying took place over five days, from October 5 through October 9. Strive’s filing places the average cost of the 3,311 BTC at approximately $84,500 per coin, with fees and expenses included in that figure.

Its Bitcoin balance was 29,462 BTC as of October 2 and 32,773 BTC as of October 9. The change matches the 3,311 BTC acquired during the intervening period, rather than reflecting a separately disclosed adjustment to the treasury balance.

The SEC disclosure provides the quantity acquired, purchase period and average cost used to estimate the transaction at approximately $280 million. It does not, in the supplied information set, provide a separate current valuation for all 32,773 BTC in the company’s full Bitcoin treasury.

For treasury-watchers, the distinction matters. The purchase price describes what Strive paid for this tranche, inclusive of transaction-related costs, while the 32,773 BTC figure is the company’s reported Bitcoin balance at October 9.

Largest increase since January

The October increase was Strive’s largest addition to its Bitcoin holdings since January, according to Yahoo Finance. The earlier, larger increase came through Strive’s all-stock merger with Semler Scientific, which added approximately 5,048 BTC.

That comparison separates the latest purchase from the company’s January expansion. The Semler transaction increased holdings through a corporate combination, whereas the October disclosure records a specified acquisition of 3,311 BTC over a defined five-day period and at a stated average price.

It also places the recent addition close to two-thirds of the Bitcoin amount associated with the January merger-driven increase. The October transaction nevertheless stands as the company’s biggest increase in holdings since that event, based on the reported accumulation history.

Strive’s October 9 total of 32,773 BTC is therefore not solely the result of the week’s purchase. It follows the prior 29,462 BTC balance disclosed for October 2, with the new tranche adding directly to an already substantial treasury position.

Cash position alongside the Bitcoin treasury

Strive reported $310.3 million in cash and cash equivalents as of October 9, alongside the expanded Bitcoin treasury. That cash figure was $25.6 million higher than the amount reported on October 2, the company said in its SEC filing.

The simultaneous increase in cash and Bitcoin holdings is a notable element of the disclosure because the company reported both figures for the same October 9 date. It gives readers a clearer view of the stated balance-sheet position than the Bitcoin purchase figure alone.

The filing establishes Strive’s ending balances—32,773 BTC and $310.3 million in cash and cash equivalents—but does not, in the facts provided, attribute the week-over-week change in cash to any particular financing activity, operating development or transaction.

With the 3,311 BTC purchase, Strive moved from 29,462 BTC at the start of the reported interval to 32,773 BTC by October 9. The approximately $280 million transaction is its largest reported increase in Bitcoin holdings since the January Semler merger.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.