News
Strive buys 4,045 BTC for $335 million after warrant exercise raises $369 million
Strive, a Nasdaq‑listed company, purchased 4,045 Bitcoin between October 12 and 16 at an average price of about $82,803 per coin, valuing the purchase at roughly $335 million. The acquisition raised the firm’s total holdings to 36,818 BTC, up from 32,773 a week earlier. The cash came from investors exercising 273,493,909 warrants for 13,674,703 new Class A shares, generating about $369.2 million. Strive also spent $193.1 million repurchasing its own preferred stock and plans a $630 million sale of 15% preferred shares.