Strive bought $280 million in Bitcoin, but Bitcoin per common share rose just 1.72%

Strive purchased 3,311 BTC worth roughly $280 million, yet its gross Bitcoin per effective common share only rose 1.72% because its common and preferred share counts expanded simultaneously. The disclosure highlights how equity issuance can dilute the per-share Bitcoin exposure that treasury-company investors track. Traders watching corporate BTC accumulation should note that headline purchase sizes can overstate the actual per-share accretion delivered to shareholders.