In brief – Strive bought 4,045 BTC between October 12 and 16 at about $82,803 each, raising its holdings to 36,818 BTC. – Warrant exercises on October 12 and 13 raised about $369.2 million and added 13,674,703 Class A shares, and no traditional warrants remain. – Strive priced a…
30 million offering of 15% SATS preferred stock on October 15, set to settle October 20. Strive, a Nasdaq-listed company that holds Bitcoin as a treasury asset, bought 4,045 BTC between October 12 and 16, according to a regulatory filing published Monday
The average price was about $82,803 per coin, meaning the stash was worth about $335 million, and the purchase lifts its holdings to 36,818 BTC, up from 32,773 a week earlier. That’s a total just north of $3 billion worth of Bitcoin at today’s prices. The money comes from a Wall Street machine that has become a steady source of Bitcoin buying: public companies sell shares to investors, then put the cash into Bitcoin.
Their stock gives investors exposure to Bitcoin’s price through an ordinary brokerage account. This week’s cash came from warrants, contracts that let holders buy new shares at a fixed price. On October 12 and 13, investors exercised 273,493,909 of them for 13,674,703 new Class A shares, raising about $369.2 million.