Strive Expands Bitcoin Treasury With Biggest Addition Since January
Strive disclosed in a Tuesday SEC filing that it bought 3,311 Bitcoin for roughly $280 million between Oct. 5 and Oct. 9, at an average of about $84,500 per coin including fees and expenses. The purchase lifted its holdings to 32,773 BTC and was its largest single increase since January. Strive also reported $208 million in exercised warrants and adopted a $100 minimum issuance price for its SATA preferred shares.
Why it matters
The transaction increases Strive’s direct exposure to Bitcoin and reinforces its position among the largest publicly traded corporate holders. The disclosed warrant exercises provide a funding source associated with the purchase, while the SATA price floor limits issuance below $100.
Key facts
- 1Strive bought 3,311 Bitcoin for roughly $280 million between Oct. 5 and Oct. 9. finance.yahoo.com
- 2The purchases raised Strive’s holdings to 32,773 BTC. finance.yahoo.com
- 3The company paid an average of about $84,500 per coin, including fees and expenses. finance.yahoo.com
- 4Investors exercised $208 million in warrants during the reporting period. tradingview.com
- 5Strive amended its governing documents to establish a $100 minimum issuance price for SATA preferred shares. tradingview.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.