Strive adds 2,500 bitcoin to hit 19,000 BTC a day after Strategy turns seller
Key takeaways
- Strive disclosed its quarter-to-date BTC yield at 23.0% and year-to-date yield at 36.7%, with an amplification ratio of 57.0%.
- The purchase lifts its total holdings to 19,000 BTC, data shows, and pushes the bitcoin treasury company further into the top 10 of publicly traded corporate holders.
- Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).
It was completed at a lower average price than Strive's last disclosed acquisition of 1,109 BTC at $76,989 on May 22, suggesting the company bought into the slide that has taken bitcoin from above $74,000 last week to roughly $70,800 by Tuesday morning, per CoinDesk data.
Strive disclosed its quarter-to-date BTC yield at 23.0% and year-to-date yield at 36.7%, with an amplification ratio of 57.0%. The company said it also raised cash reserves to maintain an 18-month dividend reserve.
Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.STRIVE SNAPSHOTBitcoin holdings: 19,000QTD BTC Yield: 23.0%YTD BTC Yield: 36.7%Amplification ratio: 57.0%Cash was increased to maintain 18-month dividend reserve.$ASST $SATA pic.twitter.com/eTPHmMHBh1