October 13th 2026, 12:31 PM
Strive Expands Bitcoin Holdings with $208M Warrant Exercise and Massive Purchase
Key Summary
Strive has expanded its Bitcoin holdings by acquiring 3,311 BTC and exercising $208M in warrants, bringing its total treasury to 32,773 units. The company's cash reserves are dwindling, raising concerns about its ability to fund operations and dividend payments.
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Recent Bitcoin Accumulation
Strive has accelerated its bitcoin accumulation once again, acquiring 3,311 BTC over the past week, which put its total treasury at 32,773 units. CEO Matt Coll also reported $208 million in warrant exercises as a key deadline for the remaining warrants approaches.Previous Purchases and Holdings
The new purchase is significantly higher than the one announced last week, which was the then-third-largest. The new one, though, has taken the second spot in the company's rankings, with the biggest remaining the merger with Semler Scientific, in which 5,816-5,817 BTC were involved.Warrant Exercise and Issuance Price
Last week, Strive acquired 3,311 $BTC, increasing total holdings to ₿32,773. Aside from the latest BTC accumulation, which followed yesterday's modest purchase by Strategy, Cole said $208 million worth of warrants have been exercised, while approximately 15.3 million remain outstanding and are due to expire at 5 pm ET today.Formalization of Issuance Price
The company also formalized another provision relating to its preferred stock, SATA. According to Cole, the previously stated $100 minimum issuance price has now become a binding restriction in Strive's governing documents.#Bitcoin#US#Crypto#SEC