Strive, a Bitcoin treasury company, acquired 4,045 BTC for approximately $335 million between October 12 and 16. The purchase was executed at an average price of $82,803 per coin, including fees. This transaction brings the company's total Bitcoin holdings to 36,818 BTC.
With these reserves, valued at approximately $3 billion, Strive has become the fourth-largest publicly traded corporate holder of Bitcoin. The company surpassed MARA Holdings, which recently moved about $82 million worth of BTC to exchanges. Strive continues to fund its reserve expansion through equity financing.
The company reported $369 million in proceeds from warrant exercises on October 12 and 13, leading to the issuance of 13.7 million common shares. This resulted in a 12.4% increase in the effective share count, which aligns with the 12.3% growth in Bitcoin holdings.
Strive also announced a new preferred stock issue, SATS, with a fixed 15% annual dividend. The company priced a $630 million offering for these shares, with the capital potentially earmarked for further Bitcoin acquisitions. Dividends are scheduled to be paid daily starting November 9.
