Strive Buys 3,311 Bitcoin as BTC Holdings Reach 32,773
The purchase followed about $208 million in warrant exercises and lifted Strive’s Bitcoin reserves by 11.2%, the company said.
- Nasdaq-Listed Bitcoin treasury company Strive purchased 3,311 BTC between October 5 and October 9, bringing total holdings to 32,773 Bitcoin.
- CEO Matt Cole announced that investors exercised $208 million in warrants ahead of their 5 p.m. Eastern Time expiry on Tuesday, October 13.
- Strive formalized a $100 minimum issuance price for its Variable Rate Series A Perpetual Preferred Stock by incorporating the policy into governing documents.
- Approximately 15.3 million warrants remained outstanding before the 5 p.m. Eastern Time expiration, with Strive set to disclose final balances following the deadline.
- Strive utilizes capital raised through common stock and SATA preferred shares to finance Bitcoin accumulation, a treasury strategy designed to increase Bitcoin attributable to each common share.
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The Dallas Express News
wbap.comDallas-Based Strive Adds 3,311 Bitcoin, Lifting Holdings To 32,773
Dallas-based Strive Inc. disclosed Tuesday that it purchased 3,311 Bitcoin from October 5 through October 9 at an average price of approximately $84,500 per coin, including fees and expenses, lifting its holdings to 32,773 Bitcoin. Multiplying the company’s disclosed purchase amount by its stated average price puts the transaction at roughly $279.8 million. Strive held […]
crypto.news
Cryptocurrency News | Cryptocurrency Prices | Market CapStrive buys 3,311 Bitcoin as BTC holdings reach 32,773
Nasdaq-listed Strive buys 3,311 Bitcoin, raising holdings to 32,773 BTC, as warrant exercises reach $208 million ahead of an October 13 deadline.
Strive Makes Largest Bitcoin Purchase Since January, Adding 3,311 BTC
Strive added 3,311 bitcoin in a single week, spending approximately $279.8 million as the company accelerated its attempt to climb the rankings of publicly listed corporate Bitcoin holders. The Nasdaq-listed company purchased the bitcoin between October 5 and October 9 at an average price of approximately $84,500 per BTC, including fees and expenses, according to a regulatory filing Tuesday. The acquisition increased Strive’s holdings from 29,46…
Key points of the news: Strive acquired 3,311 BTC for approximately $280 million and raised its reserves to 32,773 BTC, one of Bitcoin’s largest corporate positions. The company paid an average price of $84,500 per BTC, including expenses and commissions, according to its presentation to the SEC. Strive seeks to become the second largest company in the ... Read more
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