TLDR
- Strive acquired 29 Bitcoin for approximately $2.2 million between October 31 and November 6.
- The acquisition increased Strive’s total Bitcoin holdings to 43,153 BTC.
- Weekly Bitcoin purchases declined from 124 BTC to 29 BTC, a reduction of approximately 77%.
- Strive’s cash and cash equivalents declined by $2.8 million to $487.6 million.
- The company’s effective common-share count remained unchanged at 127,331,109 shares.
Strive increased its Bitcoin holdings to 43,153 BTC as its effective common-share count stayed flat. The latest filing also revealed more outstanding preferred shares despite a smaller weekly Bitcoin acquisition.
Strive purchased 29 Bitcoin between October 31 and November 6, its November 9 SEC filing shows. Its average price was approximately $75,721 per coin, including fees and expenses. The purchase cost about $2.2 million.
Preferred Shares Increase as Common Shares Hold
Strive’s outstanding SATS preferred shares climbed by 33,141 to 7,036,559 during the reporting period. Meanwhile, outstanding SATA preferred shares remained at 14,030,176.
Effective common shares also stayed unchanged at 127,331,109, despite movements between the company’s two common-stock classes. Class A shares increased by 15,382 to 118,133,002. Class B shares declined by an identical amount to 9,198,107.
The filing reported 130,044,690 assumed fully diluted shares, unchanged from October 30. These figures provide context for assessing Bitcoin holdings against the company’s common equity base.
However, Strive did not specify how it funded the latest Bitcoin purchase. The increase in SATS shares alone does not establish a financing connection.
Bitcoin Purchases Slow After October Expansion
Strive bought 124 Bitcoin during October 24–30, according to its November 2 filing. The latest 29-BTC purchase represents a roughly 77% decline by coin count.
A prior filing reported 6,182 BTC bought during October 17–23. That purchase lifted holdings to exactly 43,000 Bitcoin.
Average purchase prices also fell across the three reporting periods. Strive paid approximately $82,732, then $80,526, and most recently $75,721 per coin, including fees.
The filings show reduced purchasing volume, but do not explain management’s reasons for changing the pace.
Cash Reserve Remains Above $487 Million
Strive reported $487.6 million in cash and equivalents as of November 6. That represented a $2.8 million weekly decline, exceeding the approximate cost of its Bitcoin purchase.
However, the cash change does not establish how Strive financed the acquisition or explain other movements.
The company also held 505,000 shares of Strategy’s STRC preferred stock. Their reported fair value increased by $358,000 to $50.419 million.
Earlier, Blockonomi examined Strive’s potential Bitcoin funding through SATA preferred-stock issuance. Its August coverage also documented the expansion of Strive’s Class A share count.
The latest filing shows no weekly increase in SATA shares or total effective common shares. It provides no forecast for Strive’s next Bitcoin purchase.
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