Strive Expands Bitcoin Holdings With 72 BTC Added Following Warrant Exercises

Strive Adds 72 Bitcoin to Treasury After Warrant Exercises; Shares Slip 13.5%

Strive (ASST) expanded its bitcoin holdings with the purchase of 72 BTC, funded through the exercise of traditional warrants tied to its previously announced $750 million private investment in public equity (PIPE) financing, according to a Tuesday filing with the U.S. Securities and Exchange Commission (8-K).

The company said it acquired approximately 72.3 BTC on Monday for about $8.26 million, paying an average price of $114,303 per coin.

Following the latest purchase, Strive now holds roughly 5,958 BTC, valued at $691.3 million in total, with an average acquisition price of $116,032 per bitcoin.

Based on the filing, the purchase was financed through the exercise of approximately 6.11 million warrants at $1.35 per share, generating $8.26 million in gross proceeds. These warrants form part of the 555.3 million issued under the company’s PIPE arrangement.

Shares of Strive were down 13.5% in premarket trading Tuesday, retreating after doubling over the previous two sessions.

  • Related Posts

    Binance expands its platform with a prediction market offering for millions of users.

    Binance has added a prediction markets feature to its Binance Wallet, enabling users to trade on real-world event outcomes directly within the app. The integration links Binance Wallet to Predict.fun,…

    Continue reading
    Bhutan has reportedly divested 70% of its Bitcoin over the past 18 months and may have paused or ended BTC mining.

    Bhutan is steadily exiting one of the most closely watched sovereign bitcoin strategies, continuing a measured reduction in its holdings. The kingdom’s reserves have declined from roughly 13,000 BTC in…

    Continue reading