Strive Adds 72 Bitcoin to Corporate Treasury as Warrants Are Exercised

Strive Boosts Bitcoin Holdings With $8.3M Purchase Funded by Warrant Exercises

Strive (ASST) has added 72 bitcoin (BTC) to its corporate treasury after exercising traditional warrants connected to its earlier $750 million private investment in public equity (PIPE) financing, according to a regulatory filing on Tuesday.

The company said it acquired roughly 72.3 BTC for $8.26 million at an average price of $114,303 per coin. The purchase brings Strive’s total holdings to about 5,958 BTC, valued at $691.3 million, with an average acquisition cost of $116,032 per bitcoin.

The latest buy was funded through the exercise of approximately 6.11 million warrants priced at $1.35 each, generating the proceeds used for the bitcoin purchase. Despite the addition, Strive’s shares fell 13.5% in early Tuesday trading, following a sharp two-day rally that saw them double in value.