Strive Purchases 6,182 Bitcoin for $511 Million, Expanding Treasury to 43,000 BTC

Strive expanded its corporate treasury to 43,000 Bitcoin after purchasing 6,182 BTC for approximately $511 million to $511.4 million. The acquisition occurred between October 17 and October 23 at an average price of roughly $82,732 per coin, marking a nearly 17% increase from its previous 36,818 BTC reserve. Across its total 43,000 BTC holding, Strive's cumulative acquisition cost stands at approximately $3.8 billion, or about $87,785 per coin. Over the same period, the firm increased its cash equivalents by $186.9 million to $504.4 million and announced a $1 billion offering of preferred stock.