Strive, a Nasdaq-listed firm, acquired 4,045 BTC between October 12 and 16 for approximately $335 million. The average purchase price was about $82,803 per coin, bringing the company's total holdings to 36,818 BTC.
The capital for this purchase was generated through the exercise of warrants. Investors converted 273,493,909 warrants into 13,674,703 new Class A shares, raising $369.2 million. Following this, the number of outstanding Class A shares increased by 13.5% to 114.8 million.
Additionally, Strive priced an offering of 7 million shares of new 15% Series A Perpetual preferred stock at $90 per share. This move is expected to generate gross proceeds of approximately $630 million. The company also maintains a cash balance of $317.5 million.
Strive, co-founded by Vivek Ramaswamy, shifted its strategy to include Bitcoin as a treasury asset in May 2025. The company recently agreed to acquire Semler Scientific, a medical device manufacturer with 5,000 BTC, in an all-stock transaction valued at $1.3 billion.
