Strive Grows Bitcoin Reserve to 36,818 Coins After $335M Purchase
Strive purchased 4,045 Bitcoin for roughly $335 million between Oct. 12 and Oct. 16, according to an SEC filing. The company now holds 36,818 BTC, acquired at an average price of $82,803 including fees, with the filing valuing the stash at about $3 billion. Strive also disclosed around $369 million from warrant exercises and priced a $630 million offering of a preferred stock carrying a 15% annual dividend.
Strive added 4,045 BTC between Oct. 12 and Oct. 16, spending about $335 million. That lifted its total to 36,818 coins. The filing put the average acquisition cost at $82,803 per coin, fees included, and valued the entire position near $3 billion.
The company also raised roughly $369 million by exercising warrants on Oct. 12 and 13, issuing 13.7 million common shares. Its effective share count rose 12.4%, while BTC holdings increased 12.3%, so BTC per share stayed roughly flat. A prior week's purchase added 3,311 BTC. Strive priced a $630 million preferred offering with a 15% yearly dividend.
Strive's growing Bitcoin treasury and preferred-stock financing may affect shareholders, crypto investors, and dividend-focused buyers. If more firms copy this model, capital could shift toward BTC reserves, potentially influencing market liquidity and volatility. Retail investors exposed to such stocks could see amplified swings, while buyers of the 15% preferred dividend may weigh that payout against risk. Broader adoption could shape how public companies treat digital assets, though outcomes remain uncertain.