The best crypto writing from the last 24 hours.
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- 1
Strive’s Weekly Bitcoin Buying Shrinks for a Second Straight Week, to 29 BTC
Strive bought only 29 BTC in the week to Nov. 6, its second straight weekly decline, at about $75,721 per coin per an SEC filing.
- 2
Strive buys $235 million in bitcoin as warrant exercises yield $369 million
Strive bought 2,822 BTC for $235 million, funded by $369.2 million in warrant exercise proceeds. A routine treasury purchase, moderately newsworthy.
Also covered by Decrypt, Cointelegraph - 3
Strive’s Bitcoin Treasury Reaches 43,000 BTC as It Files a $1 Billion SATS ATM
Strive now holds about 43,000 BTC after buying 6,182 BTC for roughly $511 million, and filed for a $1 billion SATS preferred stock ATM.
- 4
Strive Bitcoin purchase adds 6,182 BTC for $511.4 million, lifting holdings to 43,000 BTC as the company expands its preferred-stock funding strategy.
Strive reports a 6,182 BTC purchase for $511.4 million, bringing holdings to 43,000 BTC via preferred-stock funding.
- 5
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Strategy and Strive use preferred stock to fund bitcoin purchases, now about 136,000 BTC, raising dividend-obligation questions.
- 6
Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified
Strive closed a $630M IPO and could buy about 7,372 BTC, potentially surpassing Metaplanet, though its allocation is unspecified.
- 7
Strive Prices $630 Million SATS Preferred Offering at $90
Strive prices a $630M SATS preferred offering at $90, implying a 16.7% simple annual yield on the $100 dividend base.
- 8
Strive’s bitcoin buying spree earns 27% price target hike from TD Cowen
TD Cowen raises its price target on Strive after continued bitcoin buying, with warrant pressure easing.
- 9
Strive raising $500 million to buy additional bitcoin with new preferred share class
Strive is raising $500M through a new preferred share class paying a fixed 15% dividend to buy more bitcoin. It is a treasury financing move with a high-yield structure that readers should weigh carefully.
- 10
Strive buys 3,311 bitcoin for $280 million in largest acquisition since January
Strive bought 3,311 BTC for $280M, lifting holdings to 32,773 BTC.
Also covered by Decrypt - 11
Strive reports $208M in warrant exercises as Bitcoin holdings jump 11%
Strive reports $208M in warrant exercises and now holds 32,773 BTC as the fifth-largest public corporate holder.
- 12
Strive Adds 3,311 Bitcoin as Warrants Covering 15.3 Million Shares Near Expiry
Strive added 3,311 BTC as warrant exercises of about $208M came due, and set a binding $100 minimum for SATA preferred shares.