Strive CEO Teases Bitcoin Buy, Echoing Saylor's Playbook
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CMC Crypto News
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Bitcoin Ecosystem
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Corporate Treasury, Intrinsic Value
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Matt Cole, Strive's CEO, posted the company's Bitcoin holdings tracker chart to X on Sunday, captioned "The hurdle rate is orange," extending the same pre-filing tease pattern Strategy's Michael Saylor uses.
Strive's confirmed total is 43,124 BTC after adding 15,124 BTC over October at an average price of about $83,310 a coin.
Strive's stock now trades below the value of its own Bitcoin holdings, meaning new shares issued to fund a bigger purchase would dilute existing shareholders.
Matt Cole, Strive's CEO, posted the company's Bitcoin holdings tracker chart to X on Sunday, captioned "The hurdle rate is orange," extending the same pre-filing tease pattern Strategy's Michael Saylor uses.
Strive's confirmed total is 43,124 BTC after adding 15,124 BTC over October at an average price of about $83,310 a coin.
Strive's stock now trades below the value of its own Bitcoin holdings, meaning new shares issued to fund a bigger purchase would dilute existing shareholders.
What Strive's Chart Shows, and What It Doesn't Yet Confirm
Over the full month of October, Strive added 15,124 BTC at an average price of about $83,310 a coin, according to 24/7 Wall St, lifting its treasury from roughly 28,000 BTC at the end of September.
Strive's Stock Trades Below the Value of Its Own Bitcoin
Bitcoin has traded near $75,700 this week, below the roughly $80,000 level treasury companies generally need to clear to stay above their average purchase cost, according to 24/7 Wall St. That leaves Strive's October coins, bought at an average of $83,310, sitting on an unrealized loss at current prices.
