Strive Expands Bitcoin Treasury by 11 Percent Through Warrant Exercises
Strive expanded its Bitcoin holdings by 3,311 BTC in the week ending Oct. 9, reaching a total of 32,773 BTC and becoming the fifth-largest publicly traded corporate holder of the cryptocurrency, according to a filing with the U.S. Securities and Exchange Commission reported by TradingView News. The corporate treasury additions outpaced the issuance of new shares, providing existing stockholders with a larger proportional stake in the digital asset. The purchases occurred as investors exercised $208 million worth of warrants ahead of their Tuesday expiration, leaving about 15.3 million warrants unexercised, according to a statement on X by Strive Chairman and CEO Matt Cole. Strive acquired the coins at an average price of approximately $84,500 each. Yahoo Finance data from Tuesday showed Bitcoin trading at roughly $83,300 per coin, while Strive’s stock, traded under the ticker ASST, remained steady at $27.52.
Corporate Capital Shifts and Shareholder Metrics
The warrant-driven capital raise increased Strive’s Bitcoin reserves per share by 11.2% during the reporting period, surpassing the 9.4% growth in its effective number of outstanding common shares. To manage its capital structure further, the company amended its foundational documents to set a mandatory minimum issuance price of $100 for its SATA preferred stock, restricting management from issuing those shares below that threshold. Those preferred shares traded at $99.40 at the time of review.
The strategy drew attention from MicroStrategy founder Michael Saylor, whose firm pioneered the corporate Bitcoin treasury model. Saylor noted on X that Strive generates demand for Bitcoin by converting demand for digital equity through ASST and digital credit through SATA. Strategy added a more modest 250 BTC to its own reserves during the same week, bringing its total to 848,250 BTC and maintaining its standing as the largest corporate holder of the cryptocurrency.
Frequently Asked Questions
How many Bitcoin does Strive currently hold?
Strive holds a total of 32,773 BTC following its acquisition of 3,311 Bitcoin during the week ending Oct. 9, 2025.
What was the average purchase price for Strive’s recent Bitcoin acquisition?
Strive bought the 3,311 coins at an average price of approximately $84,500 per Bitcoin.
How did Strive fund its latest cryptocurrency purchases?
The company funded the purchases using $208 million generated from the exercise of investor warrants prior to their Tuesday expiration.