Strive, a Nasdaq-listed bitcoin treasury company, purchases an additional 1,223 bitcoin for about $100 million, bringing its total holdings to 36,818 BTC. Reporting across outlets says the company pays roughly $81,734 per bitcoin for this tranche and continues expanding its reserves after buying more bitcoin earlier in the week.
Several outlets also note that Strive raises cash to fund the purchases. Decrypt says warrant holders exercise, resulting in $369 million in proceeds, including a $335 million bitcoin purchase. Cointelegraph and The Block frame the broader context as equity financing and an ongoing strategy to add to its treasury holdings, while also noting plans tied to preferred stock issuance—Decrypt cites a proposed $630 million sale of 15% preferred shares.
Outlets align on the size of the bitcoin acquisition, the resulting total holdings, and the approximate purchase price, while emphasizing different aspects of the capital raising—warrant proceeds versus equity financing and corporate funding plans.
