News · Cointelegraph

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

Strive, a publicly traded Bitcoin treasury company, grew its holdings by more than 11% last week as investors exercised $208 million in warrants. In the week ending Oct. 9, it bought 3,311 BTC at an average of about $84,500, bringing total holdings to 32,773 BTC, the fifth-largest among public corporate holders. Chairman and CEO Matt Cole said about 15.3 million warrants remained ahead of their Tuesday expiration. The company also set a binding $100 minimum issuance price for its SATA preferred shares, which were trading at $99.40. Bitcoin reserves rose 11.2% while the effective common share count grew 9.4%, and Michael Saylor praised the strategy.

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/12/202681,850.00
Change that session-2.30%
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