Strive Boosts Bitcoin Holdings by Over 11% Following $208M Warrant Exercises
- Strive purchased 3,311 Bitcoin (BTC) at an average price of approximately $84,500 per coin.
- The company’s total Bitcoin holdings now stand at 32,773 BTC, making it the fifth-largest publicly traded corporate holder.
- Investors exercised $208 million in warrants, with around $15.3 million remaining before expiration.
- Strive’s Bitcoin reserves increased by over 11%, while its effective common share count rose by only about 9.4% during the same period.
- The current trading price for Bitcoin is approximately $83,300.
Strive also amended its governing documents to set a minimum issuance price of $100 for its SATA preferred shares, limiting their issuance below this threshold. This strategic move aims to enhance shareholder value while increasing exposure to Bitcoin.
With a significant increase in holdings and a strategy that outpaces share issuance growth, Strive’s latest moves reflect a robust commitment to Bitcoin acquisition amid evolving market conditions.
