Strive was able to raise approximately $85.88 million through the sale of its preferred shares SATA with the aim of purchasing Bitcoin. This amount was collected between September 21 and 23, allowing for the acquisition of about 1,002 BTC. According to data provided by BitcoinTreasuries.net, the sales of SATA generated revenue of $85.88 million. As of September 21, this amounted to about 284,000 shares of SATA, which brought in $27.69 million net. With an average Bitcoin price of $86,001, this amount allowed for the purchase of approximately 321.97 BTC. The largest transaction occurred on September 22, when the net income amounted to $36.08 million from approximately 370,000 shares, equivalent to 418.27 BTC at an average price of $86,266.
On September 23, the sale of another 226,700 shares brought in $22.11 million, allowing for the purchase of 261.43 BTC at a price of $84,556 per coin. In total, over three days, approximately $85.88 million was raised, equivalent to 1,001.67 BTC based on estimates from this tracker. According to the latest report, Strive reported holding 26,355 BTC after purchasing 1,355 BTC between September 14 and 18 for approximately $107.7 million at an average price of $79,475 per coin. This increase in total Bitcoin holdings raised it from 25,000 BTC to 26,355 BTC. The company's strategic plan also includes using funds to buy back its STRC shares, which further indicates its active position in the cryptocurrency market.
Strive's CEO, Matt Cole, stated: "The exercise of options began last week, generating $21.2 million in gross income. Given these funds, 57.7% of the total capital raised came from SATA." The next report from Strive should indicate whether the company purchased Bitcoin after September 18 and how many SATA shares were outstanding at the end of the new reporting period.
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