Crypto

Strive adds 29 bitcoin as weekly buying slows for a second week

Strive bought 29 bitcoin from October 31 to November 6, and its weekly buying has slowed for a second week. The company also began paying a daily dividend on its SATS preferred stock.

Illustration: A long boardroom table with chairs and a single coin at its center, carved in black lines with emerald accent.
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Strive, which trades under the ticker ASST, bought 29 bitcoin between October 31 and November 6. The average price paid was $75,721 per coin, and the purchase totaled $2.2 million. Its bitcoin holdings rose to 43,153 BTC.

Weekly buying has now shrunk for a second week in a row. Cash on hand slipped to $487.6 million, while the SATS preferred shares edged higher.

Strive$22.25down −19.35%over 1 month
$30.75$20.5913 Oct12 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

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Bitcoindown −17.05%1 month

Strive has also started paying a daily dividend on its SATS preferred stock, which is its first. Preferred stock is a type of share that often pays a set dividend before common shareholders receive payments.

$1,000 in Strive

Had you put $ into Strive a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

Background

A bitcoin treasury is a company that holds bitcoin as a reserve on its balance sheet. Strive is chasing Metaplanet for the No. 2 spot among such holders.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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Crypto
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Strive, Bitcoin

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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