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

- URL: https://stocks.freetheai.org/news/strive-buys-335-million-in-bitcoin-following-369-million-warrant-proceeds-17dbf6
- Published: 2026-10-19T21:50:06Z
- Category: crypto; sentiment: bullish; impact: high
- Symbols: [NASDAQ:ASST](https://stocks.freetheai.org/symbols/NASDAQ-ASST), [BITSTAMP:BTCUSD](https://stocks.freetheai.org/symbols/BITSTAMP-BTCUSD)
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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.

## 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.