Strive, the Bitcoin treasury company founded by Vivek Ramaswamy, conducted a series of three successful SATA sessions from September 21 to September 23, during which it raised an approximate total of $85.88 million. BitcoinTreasuries.net estimated that at current prices, Strive would be able to purchase approximately 1,001.67 BTC with the raised funds. This represents Strive’s current treasury strategy.
Strive raised $27.69 million during the first SATA session on September 21, selling approximately 284,000 shares, with BitcoinTreasuries.net estimating that Strive purchased 321.97 BTC at an average price of $86,001 each.
During the second SATA session on September 22, Strive raised an additional $36.08 million by selling 370,000 shares. BitcoinTreasuries.net estimated that Strive purchased 418.27 BTC using the proceeds of the sale at an average price of $86,266 each.
Strive sold 226,700 shares during the final SATA session on September 23, raising approximately $22.11 million. According to BitcoinTreasuries.net, Strive purchased 261.43 BTC using the proceeds of the sale at an average price of $84,556 each.
Combining all three SATA sessions, Strive raised a total of $85.88 million, and based on the estimates of BitcoinTreasuries.net, Strive increased its treasury by 1,001.67 BTC.
Strategy purchased 950 BTC between September 14 and September 20 for 75.7 million dollars, spending on average 79.670 dollars per BTC in the process. Strive also purchased BTC during this period. Between September 14 and September 18, Strive purchased 1,355 BTC for 107.7 million dollars. At the time, Strive reported owning 26,355 BTC.
According to Matt Cole of Strive, September SATA warrants raised 21.2 million dollars, with Strive SATA warrants accounting for 57.7% of the raise.
Strategy holds approximately 846,000 BTC at an average cost of 75,416 dollars per BTC and recently raised approximately 64,000,000 dollars in total Bitcoin purchases. Although Strive raised a comparatively smaller amount of capital, Strive’s Bitcoin purchases have been more active.
Conclusion
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