Strive CEO Matt Cole Declares Bitcoin's Strongest Cycle Yet as Treasury Hits 21,356 BTC
The purchase came via SATA preferred stock and share sales, and Matt Cole said bitcoin’s gold ratio points to a stronger cycle ahead.
- Strive purchased 1,110 Bitcoin for about $81.5 million last week, bringing its total holdings to 21,356 BTC and elevating the firm to the seventh-largest publicly traded corporate Bitcoin holder.
- Operating a Bitcoin treasury strategy, Strive manages nearly $3 billion across exchange-traded funds and direct-indexing while rejecting debt and margin financing to ensure balance sheets withstand 30% or steeper declines.
- Nasdaq-Traded ASST shares climbed more than 11% in Monday morning trading, while cash on hand rose $17.1 million to $171.9 million and SATA perpetual preferred stock returned to its targeted $99-to-$101 trading range.
- CEO Matt Cole views Bitcoin as a hedge against AI disruption and structural Dollar Index decline, noting Treasury announcements of expanded debt buybacks sent Bitcoin up 12% while gold rose 4% and the dollar fell 1%.
- Future Bitcoin cycles will be the strongest ever seen, Cole argues, citing the BTC/gold ratio as a signal that the latest downturn has ended and reinforcing his long-term outlook.
24 Articles
24 Articles
Strive CEO Matt Cole Declares Bitcoin's Strongest Cycle Yet as Treasury Hits 21,356 BTC
Matt Cole once managed one of the largest U.S. Treasury portfolios in the country. He talked directly to officials at the Federal Reserve and the Treasury Department. Those conversations changed him. “It actually was the reason I became a bitcoiner in the first place,” Cole told Bloomberg. “Talking directly to the Fed, to the Treasury, gave me conviction that Bitcoin was the only answer to the debt crisis and the fiat currency debasement.” That …
Strive Purchases 1,110 Bitcoin in a Week, Holdings Top 21,000 BTC as Shares Surge 11%
Strive is adding 1,110 Bitcoin over five days at an average price of about $73,409 each, lifting total holdings to 21,356 BTC and driving an 11% jump in shares. The post Strive Purchases 1,110 Bitcoin in a Week, Holdings Top 21,000 BTC as Shares Surge 11% appeared first on The Daily Hodl.
Strive Buys 1,110 More Bitcoin as Strategy Stays Quiet With $6.5B Cash Reserve
Strive has added another 1,110 BTC to its balance sheet, increasing its total Bitcoin holdings to 21,356 BTC, according to an August 24 post from CEO Matt Cole. Cole said the Bitcoin treasury company and asset manager paid $81.5 million for the latest purchase, at an average cost of $73,409 per Bitcoin. Image source: checkcryptonews.com · Source Strive bought in tranches as Bitcoin climbed The acquisition was not completed in a single transactio…
Strive buys bitcoin and the move has not gone unnoticed. The Dallas-based asset manager acquired 1,110 bitcoins last week, its largest weekly purchase in months, and raised its treasury to 21,356 coins. The announcement, contained in a document presented to the SEC, triggered the listing of its shares. The company’s securities, which are listed in Nasdaq under the ASST ticker, rose more than 7% during Monday’s session. To understand the relevanc…
CryptoSlate
BITRSSStrive bought 1,110 Bitcoin, but shareholders gained less than 2% real BTC yield
Bitcoin treasury company Strive added 1,110 Bitcoin in a week, but the benefit to common shareholders was much smaller than the headline purchase. After accounting for the company’s rising share count, Bitcoin per effective common share increased just 1.19%. The week also added an estimated $5.74 million in annualized preferred dividends, using the 13% annualized rate Strive described as current on Aug. 10 and SATA’s $100 stated amount. The comp…
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