Strive buys 4,045 Bitcoin for $335M, holdings reach 36,818 BTC

Strive adds 4,045 Bitcoin in one week

Strive, a company that holds Bitcoin as part of its corporate treasury, bought 4,045 Bitcoin for about $335 million last week. The purchase brought its total holdings to 36,818 BTC.

The company bought the coins between Oct. 12 and Oct. 16 at an average price of $82,803 each, including fees and expenses, according to a Monday filing with the US Securities and Exchange Commission.

Strive is a Bitcoin treasury company, which means it keeps Bitcoin on its balance sheet as a reserve asset rather than as part of its main business operations.

Key numbers from the filing

• 4,045 BTC purchased, worth about $335 million.
• Average purchase price: $82,803 per coin, including fees and expenses.
• Total holdings after the buy: 36,818 BTC.
• Reserves valued at approximately $3 billion, according to BitcoinTreasuries.net.

What the SEC filing and company announcements say

According to the filing, Strive reported about $369 million in proceeds from warrant exercises on Oct. 12 and 13. A warrant is a contract that lets the holder buy shares at a set price, so exercising it brings cash to the company. The exercises resulted in 13.7 million new common shares.

Strive said its effective share count rose 12.4%, which roughly matched the 12.3% increase in its Bitcoin holdings. That left the amount of Bitcoin per share largely unchanged.

The company also announced the launch of SATS last week, a new preferred stock issue. Preferred stock is a class of shares that typically pays a set dividend ahead of common stock. SATS carries a fixed 15% annual dividend, payable each business day starting Nov. 9, subject to board approval. Strive priced a $630 million offering of the new preferred shares, and the proceeds could fund more Bitcoin purchases.

Fourth-largest public corporate holder

Strive is now the fourth-largest publicly traded corporate Bitcoin holder, ahead of MARA Holdings, according to data from BitcoinTreasuries.net.

MARA was reported to be selling some of its holdings. Arkham tracked wallets linked to the miner depositing about $82 million worth of the crypto into Binance and Gate in recent days. This selling detail comes from blockchain tracking data reported by Arkham, not from a company statement.

Earlier purchases and share price

The latest buy follows a series of large Bitcoin purchases by the company. The previous week it bought 3,311 BTC, when its holdings grew 11.2%, outpacing a 9.4% increase in its effective common share count.

Strive (ASST) shares were up around 7.7% at $25.95 in late-morning trading Monday, according to Yahoo Finance data.

What is confirmed

Confirmed from the SEC filing and company announcements: the size and timing of the purchase, the average price, the total holdings, the proceeds from warrant exercises and the shares issued, the change in effective share count versus Bitcoin holdings, and the pricing and terms of the SATS preferred stock offering.

What is still unclear

The report that MARA Holdings was selling Bitcoin is based on third-party blockchain tracking by Arkham, not a confirmed company statement. The market value of Strive's reserves and its ranking as the fourth-largest holder come from BitcoinTreasuries.net, a third-party data provider.

What happens next

Strive has said proceeds from the $630 million SATS preferred stock offering could fund additional Bitcoin purchases. The SATS dividend is scheduled to be payable each business day beginning Nov. 9, subject to board approval.

Sources

• Cointelegraph