Strive, Inc. (Nasdaq: ASST) bought 18 bitcoin last week, a modest addition that lifted the Dallas-based company’s treasury to 19,900 coins, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The purchases ran from July 6 through July 10 at an average price of about $64,028 per bitcoin, including fees and expenses, for a total of some $1.2 million. The buy is small next to Strive’s earlier moves this year, and it tracks a bitcoin price that has fallen well below the levels the firm paid in prior rounds.
Alongside the purchase, Strive reported cash and cash equivalents of $154.1 million as of July 10, up $700,000 from July 2. The company still holds 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, with a fair value of $44.2 million, down $202,000 over the same stretch.
Its own preferred instrument, the Variable Rate Series A Perpetual Preferred Stock that trades as SATA, remains at 7.83 million shares outstanding.
Strive’s jump from an asset manager to treasury company
