Strive added 3,311 BTC, but gross Bitcoin per effective common share increased just 1.72% as common and preferred share counts grew.
Strive, a Bitcoin treasury company, bought roughly $280 million of Bitcoin during Oct. 5–9 while increasing its cash balance, even as Strategy directed far more capital toward preferred-share repurchases than new coins. The divergence shows why Strategy’s weekly purchases provide only part of the picture of corporate Bitcoin demand.
For Strive’s common shareholders, the purchase delivered a smaller change than the headline amount suggests. Bitcoin holdings grew 11.24%, but effective common shares expanded 9.36%. Gross Bitcoin per effective common share increased about 1.72%, before accounting for preferred claims.
The Bitcoin treasury company’s Oct. 13 SEC disclosure reported purchases of 3,311 BTC at an average of approximately $84,500, including fees and expenses. Multiplying that rounded average by the coins acquired implies spending of about $279.8 million.
Strategy’s Oct. 12 update covered Oct. 5–11, two days beyond Strive’s reporting window. It reported 250 BTC purchased for $21.5 million and $192.4 million spent repurchasing STRC preferred shares.
Strive’s Bitcoin holdings rose from 29,462 on Oct. 2 to 32,773 on Oct. 9. Over the same comparison, effective common shares increased from 100,938,986 to 110,387,204. The company defines that denominator as its Class A and Class B common shares combined.
A satoshi is one hundred-millionth of a Bitcoin. The per-share figures divide the company’s holdings by its effective common-share count. The gain measures gross treasury exposure, not net asset value or an investment return.
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