Strive Buys $335 Million in Bitcoin, Reaches 36,818 BTC
Strive bought 4,045 Bitcoin for about $335 million from Oct. 12 to 16, bringing its holdings to 36,818 BTC, according to an SEC filing.
Strive bought 4,045 Bitcoin for approximately $335 million between Oct. 12 and 16, increasing its cryptocurrency holdings to 36,818 BTC, according to a Monday filing with the U.S. Securities and Exchange Commission.
The company paid an average of $82,803 per Bitcoin, including fees and expenses. Its holdings were valued at approximately $3 billion based on the Bitcoin price cited in the filing.
Strive reported about $369 million in proceeds from warrant exercises on Oct. 12 and 13. The transactions issued 13.7 million common shares and increased the company’s effective share count by 12.4%. Its Bitcoin holdings grew by about 12.3%, leaving Bitcoin held per share largely unchanged.
The purchase followed Strive’s acquisition of 3,311 Bitcoin the previous week. During that period, its holdings rose 11.2%, while its effective common share count increased 9.4%.
Strive also announced plans to issue SATS, a preferred stock with a fixed annual dividend of 15%. Subject to board approval, the dividend would be paid each business day starting Nov. 9. The company priced a $630 million offering of the preferred shares, with proceeds potentially available for additional Bitcoin purchases.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
