Strive Buys 2,822 Bitcoin, Reports $369M in Expected Warrant Proceeds

• Strive bought 2,822 BTC on Oct. 12 and Oct. 13 at an average price of about $83,266, including fees, according to a Form 8-K filed on Wednesday.

• Over the same two days, holders exercised 273.5 million traditional warrants for 13.7 million Class A shares, with expected gross proceeds of $369.2 million.

• The purchase takes Strive's holdings to about 35,595 BTC, based on the 32,773 BTC it reported as of Oct. 9.

Strive bought 2,822 Bitcoin (

) on Monday and Tuesday and said warrant holders exercised for expected gross proceeds of $369.2 million over the same two days, according to a regulatory filing on Wednesday.

The purchase takes Strive's holdings to about 35,595 BTC, based on the

as of Oct. 9 in an earlier

.

Strive paid an average of about $83,266 per Bitcoin, including fees and expenses, or about $235 million in total, according to the

. BTC traded around $81,673 at the time of writing, down about 1.7% over 24 hours, according to CoinMarketCap data.

Strive

"Strive to #4" on X when it released the filing.

Between Oct. 12 and Oct. 13, holders exercised 273,493,909 traditional warrants to buy 13,674,703 Class A shares, the filing showed. 

The expected warrant proceeds come as Strive opens another funding channel for its