Strive Bitcoin Treasury Reaches 32,773 BTC After Latest Purchase
The company also said investors exercised $208 million in warrants and it made a $100 minimum issuance price for SATA binding.
- Nasdaq-Listed Bitcoin treasury company Strive added 3,311 BTC to its reserves between October 5 and October 9, bringing total holdings to 32,773 BTC.
- Strive CEO Matt Cole announced that investors exercised $208 million in warrants ahead of Tuesday's 5 p.m. Eastern Time deadline, providing capital for Bitcoin purchases.
- The company also amended its governing documents to make the $100 minimum issuance price for Variable Rate Series A Perpetual Preferred Stock binding, formalizing a previously announced policy.
- Strive's Bitcoin reserves grew 11.2% during the reporting period, outpacing the 9.4% increase in its effective common share count and boosting per-share Bitcoin exposure.
- Approximately 15.3 million warrants remained outstanding as of Tuesday, with Strive planning to disclose the final warrant balance and related share impacts following the 5 p.m. ET deadline.
23 Articles
23 Articles
Strategy and Strive Scoop Up More Than 2,700 Bitcoin in a Week
The two top bitcoin treasuries last week spent a combined $232.5 million on BTC. Bitcoin treasuries are loading up again. Strategy, the largest corporate holder of bitcoin, announced Monday that it had bought 1,665 coins last week for $142.7 million — its second buy in a row after a brief […]
Dallas-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 […]
Strive 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.
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