Nasdaq-listed Strive bought 2,822 BTC for about $235M on Oct. 12-13 and reported $369.2M in expected warrant proceeds, taking holdings to about 35,595 BTC.
Key Facts
Strive bought 2,822 BTC on Oct. 12 and Oct. 13 at an average price of about $83,266, including fees, according to a Form 8-K filed on Wednesday.
Over the same two days, holders exercised 273.5 million traditional warrants for 13.7 million Class A shares, with expected gross proceeds of $369.2 million.
The purchase takes Strive's holdings to about 35,595 BTC, based on the 32,773 BTC it reported as of Oct. 9.
Strive bought 2,822 Bitcoin (BTC) on Monday and Tuesday and said warrant holders exercised for expected gross proceeds of $369.2 million over the same two days, according to a regulatory filing on Wednesday.
The purchase takes Strive's holdings to about 35,595 BTC, based on the 32,773 BTC it reported as of Oct. 9 in an earlier filing.
Strive paid an average of about $83,266 per Bitcoin, including fees and expenses, or about $235 million in total, according to the Form 8-K. BTC traded around $81,673 at the time of writing, down about 1.7% over 24 hours, according to CoinMarketCap data.
Strive posted "Strive to #4" on X when it released the filing.
Between Oct. 12 and Oct. 13, holders exercised 273,493,909 traditional warrants to buy 13,674,703 Class A shares, the filing showed.
Strive Lines Up SATS Preferred Stock Offering
The expected warrant proceeds come as Strive opens another funding channel for its corporate treasury.
Strive said on Tuesday it is offering SATS, a 15% fixed-rate perpetual preferred stock with cumulative dividends paid every business day, through an IPO available to select investors. SATS ranks junior to SATA, Strive's existing variable-rate preferred stock.
Strive paid its 90th consecutive daily SATA dividend on Wednesday, at an annualized rate of $13 per share, the company said on X.
Strive has been buying BTC through a series of purchases disclosed in SEC filings, and earlier set up a $500 million SATA buyback facility alongside a 2,000 BTC purchase.
The company's equity has also drawn leveraged products, with REX and Tuttle launching a 2x Strive ETF under the ticker ASSX.
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