Strive (ASST), the Nasdaq-listed bitcoin treasury company, bought 29 bitcoin between Oct. 31 and Nov. 6, according to a Form 8-K current report it filed with the SEC on Nov. 9. The company paid an average of about $75,721 per coin, including fees and expenses, which works out to roughly $2.2 million for the week.

The purchase took Strive’s holdings to 43,153 BTC, up from 43,124 BTC a week earlier.


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Three Weeks of Smaller Buys

This is the second week in a row that Strive’s purchases got smaller. By Unchained’s count from the company’s last three weekly 8-K filings, Strive bought 6,182 BTC from Oct. 17 to Oct. 23, then added 124 BTC from Oct. 24 to Oct. 30, then 29 BTC in the latest week. That comes to 6,335 BTC over three weeks, with about 98% of it bought in the first.

Strive’s average purchase price, which includes fees and expenses, fell each week over the same stretch, from about $82,732 to $80,526 to $75,721, a decline of roughly 8% across the three purchases.

Cash and Preferred Stock

Strive’s cash and cash equivalents fell by $2.8 million over the week to $487.6 million as of Nov. 6, the filing shows. Shares outstanding of its 15.00% Series A Perpetual SATS Preferred Stock (SATS) rose by 33,141 to 7,036,559. The filing does not say how the bitcoin purchase was funded.

The share count of Strive’s other listed preferred, its Variable Rate Series A Perpetual Preferred Stock (SATA), was unchanged at 14,030,176. Strive kept its 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which the filing valued at about $50.4 million as of Nov. 6, up $358,000 on the week.

Its effective common share count, the sum of its Class A and Class B shares, held at 127,331,109.

Related Listen: Why Matt Cole Believes Last Week’s STRC Crash Was a Leverage Liquidation