Strive, a Nasdaq-listed company specializing in bitcoin treasury management, increased its bitcoin holdings by 29 BTC between October 31 and November 6. According to a Form 8-K filed with the US Securities and Exchange Commission on November 9, Strive paid an average price of $75,721 per bitcoin, including fees and expenses. The total investment for the week amounted to about $2.2 million.
Decreasing Bitcoin Purchases
The company’s latest purchase brought its total bitcoin holdings to 43,153 BTC, up from 43,124 BTC recorded the previous week. Over the last three weeks, Strive has reduced its acquisition pace. Company filings indicate that Strive purchased 6,182 BTC between October 17 and October 23, 124 BTC from October 24 to October 30, and just 29 BTC in the most recent week.
This pattern reflects a sharp decline in weekly bitcoin purchases, with the majority of acquisitions concentrated in the first of the three-week period. In total, Strive acquired 6,335 BTC during this timeframe, with roughly 98% of those purchases occurring in the initial week.
Strive’s average purchase price per bitcoin, inclusive of all fees and expenses, also declined steadily over the period. The average fell from $82,732 to $80,526 and then to $75,721 across the three weeks, representing a decrease of approximately 8%.
| Week | BTC Purchased | Average Price per BTC |
|---|---|---|
| Oct. 17–23 | 6,182 | $82,732 |
| Oct. 24–30 | 124 | $80,526 |
| Oct. 31–Nov. 6 | 29 | $75,721 |
Strive reported that its cash and cash equivalents decreased by $2.8 million over the week, leaving a balance of $487.6 million as of November 6. The company’s filings did not detail how the latest bitcoin acquisitions were financed.
Preferred and Common Shares Update
During the same week, Strive’s outstanding shares of its 15.00% Series A Perpetual SATS Preferred Stock (SATS) increased by 33,141, bringing the total to 7,036,559. The share count for its Variable Rate Series A Perpetual Preferred Stock (SATA) remained unchanged at 14,030,176.
Strive also retained its 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). According to the filing, these STRC shares were valued at about $50.4 million as of November 6, reflecting an increase of $358,000 over the week.
The company’s effective common share count, calculated as the sum of its Class A and Class B shares, stood at 127,331,109 and remained unchanged throughout the week.
Strive’s filings documented a steady reduction in bitcoin purchases over recent weeks, with the average price paid per coin also declining. The majority of Strive’s bitcoin acquisitions in this period took place during the second half of October.
Mini dictionary: Strive is a Nasdaq-listed company that manages significant bitcoin reserves as part of its corporate treasury strategy. Its SEC filings offer transparency about its bitcoin transactions and fund management activities.
