Strive buys $235 million in bitcoin as warrant exercises yield $369 million
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Strive purchases 2,822 BTC for $235 million
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Strive bought 2,822 bitcoins worth $235 million between Oct. 12 and Oct. 13, 2026, according to a Form 8‑K filing. The purchase raised its total holdings to 35,595 BTC, making it the fourth‑largest public bitcoin treasury company.
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Key numbers from the deal
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- 2,822 BTC acquired for $235 million \n
- Average purchase price about $83,266 per BTC \n
- Total holdings after purchase: 35,595 BTC \n
- Warrant exercises covering 13.7 million shares generated $369.2 million in gross proceeds \n
- Warrant participation reached 94% \n
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SEC filing details
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The transaction is disclosed in Strive's Form 8‑K filed with the SEC. The filing confirms the purchase dates, the amount of bitcoin bought, and the expected proceeds from warrant exercises.
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Other market context
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Strive's new total of 35,595 BTC places it ahead of MARA, which holds 35,577 BTC according to Bitcoin Treasuries data. Larger treasury firms in the top four include Strategy (848,250 BTC), Metaplanet (44,000 BTC) and Twenty One (43,514 BTC).
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Uncertainty around the preferred stock offering
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Strive also announced a proposed IPO of 5 million shares of its 15% Series A Perpetual SATS preferred stock at $100 per share. The offering's timing depends on market conditions and other factors.
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Why this matters for crypto treasury firms
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The purchase shows continued institutional demand for bitcoin as a treasury asset. Gaining a higher ranking among public bitcoin holders can affect market perception and investor interest in similar companies.
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Future plans
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If the preferred stock offering completes, proceeds may fund additional bitcoin purchases, income‑generating assets, working capital, and other corporate uses. No firm timeline has been set for the offering.
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Sources
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- The Block \n
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.