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Strive Bought $335M Bitcoin, Raised $369M from Warrants, and Plans $630M Preferred Stock Sale
Nasdaq-listed Strive, a company holding Bitcoin as a treasury asset, purchased 4,045 BTC (worth approximately $335 million at an average price of $82,803 per coin) between October 12 and 16, according to a regulatory filing published Monday. This increases its total holdings to 36,818 BTC. The company raised about $369.2 million from investors exercising warrants on October 12 and 13. Additionally, Strive priced an upsized offering on October 15 of 7 million shares of a new 15% Series A Perpetual preferred stock at $90 each, expecting gross proceeds of about $630 million. The offering is scheduled to settle on October 20.
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