After last week’s more modest acquisition of 1,223 $BTC, the company’s total stash was valued at over $3 billion. However, the asset’s price stood slightly higher at the time, while the current battle for $80,000 means that the firm’s USD equivalent has declined.
Although it has spent more than $511 million for its latest purchase, the USD value of its bitcoin fortune is worth just under $3.5 billion. However, the company’s stash in terms of $BTC has reached a new all-time high of 43,000 units.
The company also reported that its cash and marketable securities increased by almost $188 million to $554.6 million. This shows effective capital deployment from recent preferred stock raises while maintaining liquidity for dividends and operations.
Strive also initiated a $1 billion ATM program for SATS preferred stock, extending its debt-free model of issuing dividend-bearing securities like SATA and SATS to fund further bitcoin purchases.
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