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Strive Bitcoin reserves increase to 32,773 coins BTC; new high reached after latest purchase
Cointelegraph
58m ago
Ai Focus
Strive purchased 3,311 bitcoins within a week ending October 9th at an average price of approximately $84,500 per coin, increasing their holdings to 32,773 bitcoins BTC. The company stated that investors exercised warrants worth $208 million, and Michael Saylor also commented on their bitcoin strategy on X.
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According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, publicly traded Bitcoin reserve company Strive purchased 3,311 Bitcoins (BTC) in the week ending October 9, at an average price of approximately $84,500 per coin. This purchase increased its total holdings to 32,773 Bitcoins (BTC), and based on industry data, Strive has thus become the fifth-largest holder of Bitcoins among publicly traded companies globally.

Strive Chairman and CEO Matt Cole stated on X that investors have exercised warrants worth $208 million, with approximately 15.3 million warrants still unexercised before their expiration on Tuesday.

Michael Saylor Evaluating Strive's Bitcoin Strategy

Saylor wrote on X: “Strive is transforming the demand for digital equity (ASST) and digital credit (SATA) into a demand for Bitcoin. Its rapid growth indicates that capital markets are accelerating the adoption of Bitcoin.”

Strategy added a relatively small amount of 250 BTC to its reserves last week, bringing its total holdings to 848,250 BTC, and continues to maintain its position as the largest holder of Bitcoin among publicly listed companies globally.

Bitcoin Adoption

Bitcoin Price

Michael Saylor

Bitcoin

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