Strive funded a 1,110-bitcoin buy with share sales and still ended the week with more cash

Strive added $17.1 million to its cash reserves in the same week it spent about $81.5 million buying 1,110 bitcoin, according to a filing published Monday.

The gap implies the Dallas asset manager is bringing in money through stock sales faster than it’s spending on crypto.

How cash climbed while $81.5 million went out the door

As of August 21, Strive had $171.9 million in cash and cash equivalents, up from $154.8 million a week earlier, according to its 8-K filing with the SEC. During the same period, it bought bitcoin at an average of about $73,409 per coin.

It took new stock to pay for that stack and still end the week with more cash. Strive funded the purchase with at-the-market offerings of its common shares and its preferred shares, ASST, and SATA.

Class A shares outstanding increased by more than 3.6 million to 79,890,888, and the SATA count rose by 441,313.

The company continued to hold 505,000 shares of Strategy’s STRC preferred stock. The fair value of that position increased to $48.6 million.

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