October 13th 2026, 1:30 PM
Strive Exercises Warrants Ahead of Expiry Deadline
Key Summary
Strive has added 3,311 Bitcoin to its holdings, covering approximately 15.3 million shares near expiry, amid dwindling cash reserves and concerns about its ability to fund operations and dividend payments.
Please see our real time news feed on our Home Page
Background
Strive, a financial services company, has announced that it will exercise its warrants covering 15.3 million shares with $208 million in Bitcoin.Recent Developments
CEO Matt Cole put the warrant exercises ahead of Tuesday's 5 p.m. ET deadline, demonstrating the company's efforts to manage its shares and raise capital.Key Changes
Strive has also set a binding charter rule for its $100 minimum sale price for SATA preferred shares, further indicating the company's commitment to managing its shares and capital structure.#Bitcoin#US#Crypto