According to Bitcoin News on the X platform, Stripe Asset Management purchased 1110 bitcoins for $81.5 million, increasing its holdings to 21356 bitcoins worth approximately $1.7 billion, making it the seventh largest bitcoin holder among listed companies. Strive raised funds by issuing ASST common shares and SATA preferred shares, increasing Class A shares by 3.65 million shares to 79.89 million shares and issuing 441313 SATA preferred shares. CEO Matt Cole stated that the company purchased the aforementioned Bitcoin at an average cost of $73409 per coin. Stripe previously purchased 147 pieces at an average price of 64800 US dollars and 79 pieces at an average price of 63231 US dollars, totaling 226 pieces. In June, Stripe purchased 2500 bitcoins for $185.2 million, increasing its holdings to 19000. As of August 21st, Stripe's cash and cash equivalents increased from $154.8 million to $171.9 million, with SATA preferred stock priced at approximately $100.
