Strive Buys $335 Million in Bitcoin After Investors Pour In $369 Million
Summary
Strive bought 4,045 Bitcoin for about $335 million at an average price of $82,803, bringing its holdings to 36,818 BTC. It funded the purchase largely through investors exercising warrants, which raised $369.2 million and increased Class A shares outstanding by 13.5%. Strive also priced a $630 million preferred-stock offering with a 15% annual dividend. The company’s Bitcoin holdings have nearly tripled since its merger with Semler Scientific was approved. Meanwhile, Strategy added 267 BTC, and MSCI finalized a rule that could remove some non-operating companies from its indexes starting November 30. Bitmine added 12,535 ETH and now holds 4.9% of Ethereum’s supply.
