Strive Adds 1,223 Bitcoin, Bringing Holdings to 36,818

Strive added 1,223 Bitcoin during Oct. 14–16, expanding its treasury to 36,818 Bitcoin as warrant exercises increased its common-share count. The company is also pursuing preferred-stock financing that would add dividend obligations.

Strive Reports 4,045 Bitcoin Purchased During the Week

The latest purchases averaged approximately $81,734 per Bitcoin, including fees and expenses. That implies spending of around $100 million, calculated from the disclosed quantity and average price.

Strive’s total purchases for Oct. 12–16 reached 4,045 Bitcoin at an average price of approximately $82,803. That total includes 2,822 Bitcoin already disclosed on Oct. 14.

The earlier purchases took place Oct. 12–13 at an average price of approximately $83,266, including fees and expenses. They cost around $235 million based on the company’s disclosed figures.

Strive Discloses Warrant Proceeds and Cash Balances

Investors exercised warrants for approximately 13.67 million Class A shares during Oct. 12–13, generating approximately $369.2 million in gross proceeds. Warrants give holders the right to purchase shares under specified terms.

By Oct. 16, all traditional warrants had been exercised or expired. Strive reported $317.5 million in cash and cash equivalents, alongside 505,000 shares of Strategy’s STRC preferred stock valued at approximately $49.3 million.

Strive Prices Separate SATS Preferred Offering

Strive priced seven million shares of its 15% Series A Perpetual SATS Preferred Stock at $90 each. The offering was expected to raise $630 million before underwriting discounts, commissions and other expenses, compared with an aggregate stated amount of $700 million.

The shares would accumulate $105 million in annual dividends. At closing, Strive plans to add $157.5 million in existing cash and securities to cover 18 months of dividends. Settlement is scheduled for Oct. 20, subject to closing conditions.