Strive reports $208M in warrant exercises as Bitcoin holdings jump 11%

Strive is now the fifth-largest publicly traded corporate Bitcoin holder, with 32,773 BTC, as it continues to expand its treasury through equity financing. Strive, a publicly traded Bitcoin treasury company, increased its holdings by more than 11% last week as investors exercised $208 million in warrants, with Bitcoin purchases outpacing share issuance and giving existing shareholders greater exposure to the cryptocurrency. In a Tuesday filing with the US Securities and Exchange Commission, Strive disclosed that it purchased 3,311 Bitcoin (BTC) in the week ending Oct. 9 at an average price of approximately $84,500 per coin.