Strive bought $280 million in Bitcoin, but Bitcoin per common share rose just 1.72%
BTC when published $83,390Now $80,595 ▼ −3.35% since it was published
Strive, a Bitcoin treasury company, bought roughly $280 million of Bitcoin during Oct. 5–9 while increasing its cash balance, even as Strategy directed far more capital toward preferred-share repurchases than new coins. The divergence shows why Strategy’s weekly purchases provide only part of the picture of corporate Bitcoin demand. For Strive’s common shareholders, the purchase delivered a smaller change than the headline amount suggests. Bitcoin holdings grew 11.24%, but effective common shares expanded 9.36%. Gross Bitcoin per effective common share increased about 1.72%, before accounting for preferred claims. The Bitcoin treasury company ’s Oct.
First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.
