Strive reports $208M in warrant exercises as Bitcoin holdings jump 11%
Strive is now the fifth-largest publicly traded corporate Bitcoin holder, with 32,773 BTC, as it continues to expand its treasury through equity financing.
Strive, a publicly traded Bitcoin treasury company, increased its holdings by more than 11% last week as investors exercised $208 million in warrants, with Bitcoin purchases outpacing share issuance and giving existing shareholders greater exposure to the cryptocurrency.
In a Tuesday filing with the US Securities and Exchange Commission, Strive disclosed that it purchased 3,311 Bitcoin (BTC) in the week ending Oct. 9 at an average price of approximately $84,500 per coin. The purchases brought its total holdings to 32,773 BTC, making it the fifth-largest publicly traded corporate Bitcoin holder, according to industry data.
At last look on Tuesday, Bitcoin was trading hands at roughly $83,300 apiece, according to Yahoo Finance data. The Strive (ASST) share price was little changed at $27.52.