Strive (ASST) Adds 29 Bitcoin for $2.2 Million as Weekly Buys Slow After Crossing 43,000

Strive bought another 29 bitcoin last week for about $2.2 million at an average of $75,721 per coin between Oct. 31 and Nov. 6, a Monday 8-K filing shows , lifting total holdings to 43,153 BTC from 43,124 as of Oct. 30 and capping a month that had already pushed the Dallas treasury past 40,000 coins.

Chairman and CEO Matthew Cole posted the same figures on X: “Strive acquired 29 $BTC for $2.2M at an average cost of $75,721 per bitcoin, bringing total holdings to ₿43,153.” Strive’s corporate account republished the note minutes later. The average price is inclusive of fees and expenses, the filing says.

The buy is a sharp downshift from the pace Strive set through October. The prior week alone, from Oct. 24 through Oct. 30, Strive added 124 bitcoin at about $80,526 a coin. Between Oct. 1 and Oct. 30 the company acquired 15,124 bitcoin in total, and Friday’s third-quarter results put year-to-date bitcoin yield — Strive’s measure of the percentage change in bitcoin per share — at 63.2% through Sept. 30, with an 18.5% print for the third quarter alone.

Holdings stood at 28,000 bitcoin on Sept. 30 before the October sprint. That climb followed multi-thousand-coin buys earlier this fall, including a 6,182-coin purchase funded with preferred proceeds, and kept Strive among the largest public corporate stacks after Strategy.

Cash and cash equivalents fell to $487.6 million as of Nov. 6 from $490.4 million a week earlier, a $2.8 million drop that roughly covers the roughly $2.2 million bitcoin spend plus fees. Strive did not break out a separate funding line for this week’s coins in the 8-K.

The preferred stack kept moving. Shares of Strive’s 15% Series A perpetual preferred ( SATS ) rose by 33,141 to 7,036,559, a tally that includes shares sold through 4:00 p.m. Eastern that settle the next business day. SATA preferred stock was unchanged at 14,030,176. Effective common shares outstanding held flat at 127,331,109 after a Class A increase of 15,382 was offset by a matching Class B decline.

Strive still holds 505,000 shares of Strategy’s variable-rate STRC preferred, marked at a fair value of $50.4 million as of Nov. 6, up slightly from $50.1 million a week earlier. The company closed a registered offering of 7 million SATS shares on Oct. 20 for about $609 million in net proceeds and later lined up a $1 billion SATS at-the-market program, tools that have funded the larger buys that built the stack and that still leave room to keep adding if the ATM finds buyers.