Strive Acquires 638 Bitcoin Using Preferred Stock Proceeds
Key Facts
Strive purchased 638 Bitcoin this week using proceeds from its preferred stock issuance. Crypto Briefing reported that the acquisition is part of the company's financial strategy to leverage its balance sheet and expand its digital asset holdings through preferred equity instruments.
ASST closed at $28.23 on October 8, 2026, after reaching a session high of $28.36 and a low of $27.33. This activity indicates continued robust financial commitment to Bitcoin acquisitions under the leadership of CEO Matt Cole, following previous patterns of significant cryptocurrency investment by the firm.
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Update: Strive's SATA preferred stock raised an estimated $55 million this week to provide the necessary liquidity for the Bitcoin purchase. This move highlights the company's ongoing use of equity instruments to fund its digital asset holdings.