Strive adds 20 BTC, 110,000 shares cut per-share Bitcoin

Strive bought 20 BTC between July 27 and July 31 at an average price of about $63,191 per coin, including fees and expenses, increasing its Bitcoin holdings from 20,000 BTC to 20,020 BTC. The company filed the details on Aug. 3.

The filing shows effective common shares, the sum of Class A and Class B shares, rose by 110,000 Class A shares to 84,209,973 from 84,099,973. The filing does not explain the reason for the Class A issuance.

Using the July 24 snapshot as a baseline, Bitcoin per effective common share fell from about 23,781.2 satoshis to about 23,773.9 satoshis, a decline of roughly 7.3 satoshis or 0.03%. On a fully diluted basis, which adds options and unvested restricted stock units, assumed shares increased from 86,694,972 to 86,804,205 and gross Bitcoin exposure per fully diluted share fell from about 23,069.4 to 23,063.4 satoshis, a decline of about 0.026%.

Strive’s cash and cash equivalents decreased from $154.0 million on July 24 to $151.3 million on July 31. The filing does not link the cash balance change or the Class A share issuance to funding of the 20 BTC purchase.

The filing does not include a weekly Bitcoin Yield figure for the period. The company defines Bitcoin Yield as the percentage change in Bitcoin per share across a period and has previously indicated increasing Bitcoin per share as an objective.

The filing provides the holding and share-count figures without disclosing the source or purpose of the 110,000-share Class A issuance.