Strive acquires 4,045 bitcoin for 335 million dollars

Nasdaq-listed bitcoin treasury company Strive purchased 4,045 bitcoin for approximately $335 million, according to filings with the US Securities and Exchange Commission reported by Decrypt and Cointelegraph. The acquisitions occurred between October 12 and 16 at an average price of $82,803 per coin, including fees and expenses. Decrypt reported that the purchase was funded by $369 million raised through warrant exercises. [1][2][3]

The addition increases Strive's total bitcoin treasury to 36,818 coins. Cointelegraph reported that this extends Strive's position as the fourth-largest public corporate holder of bitcoin, placing it ahead of MARA Holdings. Decrypt noted that the total holdings are valued at slightly above $3 billion based on current market prices. Strive also plans to issue $630 million of 15 per cent preferred stock. [1][2][3]

Strive Asset Management is an American investment management firm founded in 2022 and headquartered in Dallas, Texas. It operates as a subsidiary of Strive Enterprises, Inc. and is registered with the SEC as an investment adviser. As FTMQ Crypto reported earlier, Strive previously held 29,462 bitcoin as of early October following a $169 million purchase. [11][13]

Public companies continue to utilize equity capital markets to acquire digital assets for corporate treasury reserves. Decrypt noted that firms raise cash by selling shares and warrants to investors and direct those proceeds into open-market bitcoin purchases. [1][2][3]