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Strive Buys $335 Million in Bitcoin Following $369 Million Warrant Proceeds

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ASST$25.54 6.02%BTCUSD$81,862.00 −0.20%

Strive, Inc. (ASST) purchased 4,045 Bitcoin for approximately $335 million between October 12 and October 16, funded largely by $369.2 million in gross proceeds from exercised warrants. The corporate Bitcoin treasury company paid an average price of around $82,803 per coin including fees, bringing its total holdings to 36,818 Bitcoin valued at roughly $3 billion.

The acquisition marks a more than 380% increase in the firm's Bitcoin balance since the start of 2026, placing Strive fourth among public companies holding the cryptocurrency. To continue its expansion, the debt-free company priced an upsized preferred stock offering targeting $630 million in gross proceeds, earmarked partly for future Bitcoin purchases. However, ongoing equity issuance dilutes existing common shareholders, and the new preferred stock carries a 15% recurring dividend obligation.

Investors should monitor whether the $630 million preferred stock offering settles as scheduled on October 20, and how quickly those funds are deployed into additional Bitcoin acquisitions. Shares of Strive rose 6.02% to $25.54 following the announcements.

Key points

  • Strive acquired 4,045 Bitcoin for roughly $335 million at an average price of $82,803 per coin.
  • Warrant exercises generated approximately $369.2 million in expected gross proceeds with a 94% participation rate.
  • Total holdings reached 36,818 Bitcoin, ranking Strive fourth among public corporate holders.
  • The company priced an upsized $630 million preferred stock offering set to settle on October 20.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much Bitcoin did Strive buy?

Strive acquired 4,045 Bitcoin for approximately $335 million between October 12 and October 16, paying an average price of around $82,803 per coin including fees.

How is Strive funding its Bitcoin purchases?

Strive funded its recent purchase with $369.2 million in gross proceeds from exercised warrants and has priced a $630 million preferred stock offering set to settle on October 20 for future purchases.

How many Bitcoin does Strive currently hold?

Strive holds 36,818 Bitcoin valued at roughly $3 billion, making it the fourth-largest public corporate holder of Bitcoin.