Strive reports $208M in warrant exercises as Bitcoin holdings jump 11%

What happened: Strive bought 3,311 BTC in the week ending Oct. 9 after investors exercised $208 million in warrants, lifting its holdings above 11% to 32,773 BTC. Key numbers: $208M warrant exercises. 3,311 BTC bought at about $84,500 each. 32,773 BTC total. Bitcoin near $83,300. ASST $27.52. SATA $99.40, $100 minimum issuance price. Reserves up 11.2%, share count up 9.4%. Why it matters: Strive is now the fifth-largest publicly traded corporate Bitcoin holder, and Michael Saylor said its capital markets approach is accelerating Bitcoin adoption.

Strive bought 3,311 BTC in the week ending Oct. 9 after investors exercised $208 million in warrants, lifting its holdings above 11% to 32,773 BTC.

Strive is now the fifth-largest publicly traded corporate Bitcoin holder, and Michael Saylor said its capital markets approach is accelerating Bitcoin adoption.