# Strive Adds 4,045 Bitcoin to Treasury in About $335 Million Purchase

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/35338
Published: 2026-10-20T05:44:44.000Z
Updated: 2026-10-20T05:44:44.000Z
Section: Business

> Warrant exercises generated $369.2 million in gross proceeds. A separate $630 million preferred stock offering is scheduled to settle Oct. 20.

Strive expanded its Bitcoin (BTC) holdings by 4,045 coins over five days, spending about $335 million and bringing its total to 36,818 BTC as warrant exercises raised $369.2 million.

The Nasdaq-listed company bought the coins from Oct. 12 to Oct. 16. Its average cost, including fees and expenses, was about $82,803 per coin. Strive held 32,773 BTC on Oct. 9.

The first round added 2,822 BTC on Oct. 12 and 13 at an average of about $83,266 per coin. Another 1,223 BTC followed from Oct. 14 to 16 at about $81,734 per coin. Separately, investors exercised 273,493,909 warrants for 13,674,703 Class A shares, generating $369.2 million in gross proceeds. No traditional warrants remained outstanding as of Oct. 16.

Strive also priced 7 million SATS preferred shares at $90 each, for expected gross proceeds of about $630 million before underwriting discounts and expenses. The shares have a 15% annual dividend rate based on a $100 stated amount per share, with payments subject to board declaration. Strive may use the net proceeds for Bitcoin-related purchases, working capital, income-generating assets or share repurchases. The offering is scheduled to settle Oct. 20, subject to closing conditions.