Strive reports $208M in warrant exercises as Bitcoin holdings jump 11%
Summary
Strive bought 3,311 Bitcoin for about $84,500 each in the week ending Oct. 9, increasing its holdings to 32,773 BTC and making it the fifth-largest public corporate Bitcoin holder. Investors exercised $208 million in warrants, while the company’s Bitcoin reserves grew 11.2%, faster than its effective share count, which rose 9.4%. Strive also set a binding $100 minimum issuance price for its SATA preferred shares. Michael Saylor praised the company’s strategy of raising capital through equity and preferred shares to fund Bitcoin purchases. Strategy added 250 BTC over the same period, bringing its holdings to 848,250 BTC.
