\n Dallas Strive Adds 3,311 Bitcoin, Holdings Reach 32,773 | Matt Cole, Chief Executive Officer of Strive, Inc. | Image by Strive\/web; background by Canva <\/p>\n
Dallas-based Strive Inc. disclosed<\/a> Tuesday that it purchased 3,311 Bitcoin from October 5 through October 9 at an average price of approximately $84,500 per coin, including fees and expenses, lifting its holdings to 32,773 Bitcoin.<\/p>\n Multiplying the company\u2019s disclosed purchase amount by its stated average price puts the transaction at roughly $279.8 million. Strive held 29,462 Bitcoin on October 2, according to its October 13 filing with the U.S. Securities and Exchange Commission.<\/p>\n Bitcoin Holdings Jump Again<\/p>\n The purchase followed another major acquisition one week earlier. Strive filed<\/a> an October 5 disclosure showing that it bought 2,000 Bitcoin from September 28 through October 2 at an average price of approximately $84,422 per coin.<\/p>\n Together, the two filings show Strive added 5,311 Bitcoin in two weeks.<\/p>\n The latest filing also shows cash and cash equivalents rose $25.6 million during the week, from $284.7 million on October 2 to $310.3 million on October 9. Strive held 505,000 shares of Strategy Inc.\u2019s STRC preferred stock with a fair value of approximately $50.3 million.<\/p>\n Strive describes<\/a> itself as a structured finance company that uses Bitcoin as a hurdle rate for capital deployment. Its wholly owned Strive Asset Management subsidiary manages almost $3 billion across exchange-traded funds and a direct-indexing platform, according to the company\u2019s investor-relations site.<\/p>\n Share Count Also Rises<\/p>\n Strive\u2019s Bitcoin holdings rose about 11.2% during the week, while its effective common shares outstanding increased about 9.4%.<\/p>\n Class A shares outstanding increased by 9,461,103 to 101,169,907. Effective common shares, which combine Class A and Class B shares, rose by 9,448,218 to 110,387,204.<\/p>\n Shares underlying traditional warrants fell by 7,993,806 to 15,255,900. The filing states that exercising those warrants requires payment of the exercise price to Strive. The filing does not establish how much of the Bitcoin purchase, if any, came from warrant exercises or other share activity.<\/p>\n The filing also lists dilution from additional Class A common stock or SATA preferred stock among risks that could affect future results.<\/p>\n Strive\u2019s August second-quarter results show how Bitcoin volatility can affect its financial statements. The company said<\/a> it posted a $257.6 million GAAP net loss for the quarter. Fair-value declines in its Bitcoin and STRC holdings accounted for $234 million of that loss.<\/p>\n The Dallas Express previously covered<\/a> CEO Matthew Cole\u2019s June 2025 remarks about moving Strive\u2019s headquarters to Dallas and making Bitcoin a central investment theme.<\/p>\n \u201cI have not heard one single better system than Bitcoin. And this comes from going actually deep into the finance of it, and what Bitcoin actually represents. For people that haven\u2019t used it, I would say, \u2018actually do the work.\u2019 Read the white paper, actually use Bitcoin, try it out, understand the properties of Bitcoin,\u201d Cole<\/a> told<\/a> DX at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"Dallas Strive Adds 3,311 Bitcoin, Holdings Reach 32,773 | Matt Cole, Chief Executive Officer of Strive, Inc. |…\n","protected":false},"author":2,"featured_media":464879,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[158370,23142,7319,102,104,103,158371,24244,9764,158372],"class_list":["post-464878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-asst","tag-bitcoin","tag-cryptocurrency","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-matthew-cole","tag-nasdaq","tag-sec","tag-strive"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/464878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=464878"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/464878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/464879"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=464878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=464878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=464878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}