Strive Acquires 1,375 BTC, Pushes $SATA Notional Outstanding Toward $1 Billion
Strive acquired 1,375 BTC for $109M, bringing total holdings to 24,531 BTC, while $SATA notional outstanding reached $999M.
Why it matters
Strive's consecutive weekly Bitcoin purchases and scaling of $SATA indicate an ongoing institutional accumulation strategy. With only a single source reporting, the broader significance remains uncertain.
Key facts
Strive acquired an additional 1,375 BTC for $109M at an average cost of $79,281 per bitcoin.
1,375 BTCReported by Decrypt
Total holdings reached 24,531 BTC.
24,531 BTCReported by Decrypt
Gross BTC holdings increased by 5.9% week over week, from 23,156 to 24,531.
5.9 %Reported by Decrypt
Over three weeks, the Bitcoin stack grew from 20,245 to 24,531, a 21.1% increase.
21.1 %Reported by Decrypt
70% of the capital raised last week came from $SATA.
70 %Reported by Decrypt
What happened
Strive acquired an additional 1,375 BTC for $109M at an average cost of $79,281 per bitcoin, bringing total holdings to 24,531 BTC, according to Decrypt. The purchase increased gross BTC holdings by 5.9% week over week, from 23,156 to 24,531. Over three weeks, the Bitcoin stack grew from 20,245 to 24,531, a 21.1% increase. Matt Cole stated that 70% of the capital raised last week came from $SATA, which now has $999M notional outstanding. Jeff Walton noted this is the third consecutive week of 5%+ week-over-week change in holdings. Only one source covers this story, so all claims remain unconfirmed by independent outlets.
How the story developed
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Decrypt Crypto media | Strive Buys $109 Million in Bitcoin, Pushes Preferred Stock Toward $1 Billion | Original |
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