Strive just turned a warrant payday into $335 million of bitcoin — and the market barely blinked.
The Nasdaq-listed treasury company bought 4,045 BTC between Oct 12–16 at an average of $82,803 per coin, per a Monday SEC filing. Total holdings now sit at 36,818 BTC — roughly $3 billion — making Strive the fourth-largest public corporate bitcoin holder, ahead of MARA.
The cash came from warrant exercises on Oct 12–13 that raised about $369 million through 13.7 million new shares. Strive also priced a $630 million preferred-share offering (15% annual dividend) that settles today, with proceeds earmarked for more bitcoin.
Here's the tension: dilution matched buying almost coin-for-coin — BTC per share ended the week roughly flat, and bitcoin sits near $82K, down ~1% in 24h. Treasuries can now buy hundreds of millions and the tape just absorbs it.
What does it take to move this market — real demand, or just the absence of selling? NFA. DYOR.
$BTC #Bitcoin
The Nasdaq-listed treasury company bought 4,045 BTC between Oct 12–16 at an average of $82,803 per coin, per a Monday SEC filing. Total holdings now sit at 36,818 BTC — roughly $3 billion — making Strive the fourth-largest public corporate bitcoin holder, ahead of MARA.
The cash came from warrant exercises on Oct 12–13 that raised about $369 million through 13.7 million new shares. Strive also priced a $630 million preferred-share offering (15% annual dividend) that settles today, with proceeds earmarked for more bitcoin.
Here's the tension: dilution matched buying almost coin-for-coin — BTC per share ended the week roughly flat, and bitcoin sits near $82K, down ~1% in 24h. Treasuries can now buy hundreds of millions and the tape just absorbs it.
What does it take to move this market — real demand, or just the absence of selling? NFA. DYOR.
$BTC #Bitcoin