Bitcoin · Wall Street · Decrypt
Strive Picks up $335 Million in Bitcoin After Investors Pour In $369 Million
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Strive, a Nasdaq-listed company that holds Bitcoin as a treasury asset, bought 4,045 BTC between October 12 and 16, according to a regulatory filing published Monday.
Key facts
- Strive’s previous purchase was 3,311 BTC, about $280 million, at roughly $84,500 per coin, a week before this one
- Strategy, the largest corporate bitcoin holder, also bought last week: 267 BTC for about $22.1 million at roughly $82,900 each, bringing its total to 848,517 BTC
- Across the digital asset treasury space, Tom Lee’s Bitmine added 12,535 ETH, about $30 million, and now holds 6,041,481 ETH, or 4.9% of Ethereum’s roughly 122.1 million tokens
- The average price was about $82,803 per coin, meaning the stash was worth about $335 million, and the purchase lifts its holdings to 36,818 BTC, up from 32,773 a week earlier
Summary
Strive bought 4,045 BTC between October 12 and 16 at about $82,803 each, raising its holdings to 36,818 BTC. Warrant exercises on October 12 and 13 raised about $369.2 million and added 13,674,703 Class A shares, and no traditional warrants remain. Strive priced a $630 million offering of 15% SATS preferred stock on October 15, set to settle October 20. The average price was about $82,803 per coin, meaning the stash was worth about $335 million, and the purchase lifts its holdings to 36,818 BTC, up from 32,773 a week earlier.