Strive buys $335M in Bitcoin, boosting holdings to 36,818 BTC
Summary
Strive bought 4,045 Bitcoin for about $335 million between Oct. 12 and 16, paying an average of $82,803 per coin. Its holdings now total 36,818 BTC, making it the fourth-largest publicly traded corporate Bitcoin holder, with reserves worth about $3 billion. The purchase was funded alongside $369 million in warrant-exercise proceeds, which issued 13.7 million shares; Bitcoin holdings and share count rose at similar rates, leaving BTC per share largely unchanged. Strive also priced a $630 million offering of SATS preferred shares, which carry a 15% annual dividend and may fund further Bitcoin purchases.
