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<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2><ul class="wp-block-list"><li>Strive now holds 5,958 BTC after buying 72.3 BTC at $114,303 each using warrant proceeds.<br></li><li>Stock fell 13.5% premarket after surging 110% over three days on high trading volume.<br></li><li>Strive filed Form S-4 for its Semler Scientific deal to boost its bitcoin-focused strategy.</li></ul><p><strong><br></strong>Strive (NASDAQ: ASST) acquired 72.3 bitcoin for approximately $8.26 million, using proceeds from warrant exercises linked to its PIPE financing. The company paid an average price of $114,303 per bitcoin, according to an 8-K filing released Tuesday.</p><p>This brings Strive’s total bitcoin holdings to around 5,958 BTC, acquired at a total cost of $691.3 million. The average cost basis across all holdings now stands at $116,032 per coin.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/strive/status/1983137132949426535 </div></figure><p>The purchase was funded through the exercise of approximately 6.11 million warrants at $1.35 per share. These warrants are part of the 555.3 million issued under Strive’s $750 million PIPE agreement.</p><p>Strive’s <a href="https://coincu.com/bitcoin/strive-funds-bitcoin-purchase/" rel="noopener noreferrer nofollow">bitcoin-focused strategy</a> has accelerated following its September merger with Asset Entities. The company continues aligning corporate actions with long-term digital asset accumulation.</p><h2 class="wp-block-heading" id="strong-stock-slides-after-recent-surge-despite-ongoing-crypto-push-strong"><strong>Stock Slides After Recent Surge Despite Ongoing Crypto Push</strong></h2><p>Strive shares dropped 13.5% in premarket trading after surging more than 110% over the past three sessions. On October 27, the stock jumped 49% on heavy volume and peaked in popularity rankings.</p><p>As of 9:41 AM EDT, Strive traded at $1.445, down 11.89% on the day amid continued profit-taking pressure. The sharp selloff follows strong recent gains and active options trading.</p><figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/10/image-539-1024x453.png" alt="" class="wp-image-372045"><figcaption class="wp-element-caption"> Strive Price Perfomance | Source: Yahoo </figcaption></figure><p>Strive recently filed a Form S-4 for its proposed <a href="https://coincu.com/news/strive-semler-bitcoin-treasury-merger/" rel="noopener noreferrer nofollow">acquisition</a> of Semler Scientific (NASDAQ: SMLR). The company said the deal aims to scale its bitcoin strategy and enhance capital formation.</p><p>With its latest BTC purchase and merger plans, Strive continues positioning itself as a bitcoin-aligned asset manager. Market participants will monitor whether its crypto exposure supports sustained growth or adds volatility to its shares.</p><figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td></tr></tbody></table></figure><a href="https://coincu.com/?p=372041" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Strive Buys 72 BTC for $8.26M, Lifting Holdings to 5,958 Bitcoin

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