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Bitcoin Treasury Firm Strive Adds 72 BTC to Treasury After Warrant Exercises
Shares are down 13.5% early Tuesday after doubling the previous two sessions.
Updated Oct 28, 2025, 1:09 p.m. Published Oct 28, 2025, 1:08 p.m.
What to know:
- Strive purchased about 72.3 bitcoin for $8.26 million, an average price of $114,303.77 each, bringing its total holdings to roughly 5,958 BTC.
- The purchase was funded through recent warrant exercises tied to its PIPE financing.
- Shares are lower Tuesday morning after rocketing higher the previous two sessions.
Strive, (ASST) has added 72 bitcoin to its holdings using proceeds from the exercise of traditional warrants issued in connection with its previously disclosed private investment in public equity (“PIPE”) financing transaction, according to an 8-K filing.
The company yesterday purchased approximately 72.3 BTC for about $8.26 million, an average price of $114,303 per coin.
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This latest purchase brings Strive’s total bitcoin holdings to roughly 5,958 BTC, acquired at a total cost of $691.3 million, with an average purchase price of $116,032 per bitcoin.
Based on Strive’s previous filings, yesterday's bitcoin purchase was funded through the exercise of approximately 6.11 million traditional warrants at $1.35 per share, generating about $8.26 million in gross proceeds.
These warrants are part of the 555.3 million issued under Strive’s $750 million PIPE financing.
Shares are lower by 13.5% premarket after doubling in the previous two sessions.
Read more: Bitcoin Treasury Company Strive Surges Additional 30%, Nearly Doubling in Two Sessions
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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